If you follow Moly stocks, here's who is driving demand for shares (and has presumably done good DD on them!)
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Sprott Molybdenum Participation Corporation Announces Net Asset Value as at June 29th, 2007
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
UNITED STATES/
TORONTO, July 4 /CNW/ - (TSX: MLY, MLY.WT) - Sprott Molybdenum
Participation Corporation (the "Corporation") announces that its net asset
value as at June 29th, 2007 was $240 million or $5.40 per issued and
outstanding common share. The fair market value of securities of companies
that explore for, mine and/or process molybdenum held by the Corporation (the
"Portfolio Investments") was $196 million, the fair market value of molybdenum
oxide purchased for delivery in the forth quarter was $20.5 million and
$50 million was invested in cash and money market securities as at June 29,
2007. Gross appreciation in the value of the Portfolio Investments since
January 1, 2007 was approximately $36 million. Please note that all of the
figures are approximate and unaudited.
The Corporation calculates its net asset value and the fair market value
of the Portfolio Investments at 4:00 p.m. (Toronto time) on the last day of
each week that the Toronto Stock Exchange is open for business.
Top ten holdings (as at June 29, 2007)
<<
1. Thompson Creek Metals Company Inc.
2. Idaho General Mines Inc.
3. Quadra Mining Ltd.
4. Inca Pacific Resources Inc.
5. Mercator Minerals Ltd.
6. Roca Mines Inc.
7. Moly Mines Limited
8. International PBX Ventures Ltd.
9. Galway Resources Ltd.
10. Golden Phoenix Minerals Inc.
>>
About Sprott Molybdenum Participation Corporation
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Thu Jul 05, 2007 2:11 pm
