Coghill Capital Management Maintains Stake In General Moly, Inc. (GMO), No Longer Activist

Clint Coghill’s Coghill Capital Management, a small-cap value investing advisor, has maintained its stake in General Moly, Inc. (NYSEMKT:GMO) as per its recent 13G filing with the SEC. The investment manager reported ownership of 4.84 million shares of the mineral company, representing 5.1% of the company’s common shares. Coghill first disclosed a stake in General Moly, Inc. (NYSEMKT:GMO) at the end of the fourth quarter of 2007 of 10.53 million shares valued at $122.88 million. Coghill has not filed a 13F with the SEC since the September 30, 2014 filing period, and has not filed on General Moly since a 13D filing near the end of that year. The latest filing shows that Coghill’s position in the company is no longer activist.

Clint Coghill founded Coghill Capital Management in 1995 with a focus on small-cap value equity management. The Chicago-based investment firm provides money management services to foundations, family offices, pension plans, endowments, institutional investors, and high-worth professionals. The fund manager is known to target small-cap companies, providing healthy returns to its investors. Coghill Capital Management last reported a public equity portfolio of $3.63 million at the end of the third quarter of 2014.

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General Moly, Inc. (NYSEMKT:GMO) is a mineral development company headquartered in Lakewood, Colorado. The firm is working on two major molybdenum projects in Nevada, U.S.A. The mineral company has an 80% stake in the Mt. Hope Project, which is among the largest molybdenum projects in the world, along with a 20% share of POSCO (ADR) (NYSE:PKX). General Moly, Inc. owns another project, Liberty Project, with ores containing both molybdenum and copper.