Metal-Tech: Good golly - is Moly the way to big lolly?

johnrxx99,

Nothing to get too worried about, but they are reliant on the price and demand for Molybdenum and Tungsten, amongst others. Plus, I'm always a little wary of investing in Israeli companies, based on past experience. Therefore, I wouldn't expect these to trade on a racy forward PE.

I do expect commodity prices to stay strong in 2006 though, so I think there could still be a chance of £3+. However, the risk/reward balance now suggests that they are a 'hold' rather than a strong buy at the current price.

Good Luck.

Cheers,

Chris