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Sprott closes door on molybdenum fund

Posted on 12 January 2009

From Theglobeandmail.com: Canadian commodities guru Eric Sprott has decided to kill off his pioneering molybdenum fund less than two years after launching it, in the wake of plunging prices and dismal prospects for the steel-hardening metal.

Sprott Molybdenum Participation Corp. said yesterday that following a strategic review announced last month, its board of directors has determined that distributing its assets to shareholders would be in their and the company’s best interests….. Full Article: Source


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VRS - who has written 36729 posts on Opalesque Commodities Briefing.


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