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This is what I'm thinking too. What would cause the moly resin to polymerize incorrectly/incompletely? This batch is getting a bit old, about 2 years, but it's been stored in the refrigerator the entire time per their instructions.
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I don't know moly resin at all - but have used many things like it/same principals. IME, it usually came to down to two things:
a) Water. Either too high a humidity, or water contamination some how (it can happen in ways you do not suspect). For example, if you stepped out doors to spray it, and there was much of a temperature differential, condensation you can't see can do it. or water into the equipment (from the compressor if used, etc.)
b) Oil contamination. A surprising amount of oil can stay behind even with some solvent cleaning.
I've added a few steps to my prep process and have had no issues since then (knock on wood):
a) dryer/trap in line if using air from a compressor.
b) Bake in advance any part that has been heavily oiled AFTER degreasing. Oil can be in the metal that this will help bring up. You can get something grease free (you think), bake it 300F for 1/2 hour, and oil can still seep up. Really important with bare metal or parkerized surfaces. Probably not in play here.
c) thoroughly wash with TSP as very last step.
d) heat with a gun all surfaces just before spraying. This will drive off any barely visible condensation.
None of that is to say that the moly resin could not have gone bad, but there are some small "gotchas" that can creep in once in a while.