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August 25, 2009 / Jeb

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

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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  1. Skater / Aug 31 2009 1:17 pm

    would you own GMO outright?

    • Anticipate Opportunities / Aug 31 2009 7:10 pm

      i do own a large position in gmo.

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