August 25, 2009 / Jeb

Thompson Creek (TC) Raising 217 Million Dollars, Looking to Acquire Assets.

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Thompson Creek announced today that it went through a bought deal financing and the proceeds will go to possible acquiring of molybdenum assets. I have been discussing for months that the best candidate which is extremely undervalued, located in the US and has the best low cost molybdenum assets is General Moly. I would not be surprised if an offer is put on the table for General Moly as it is the only other pure moly play in the US. Stay tuned.

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