+ Watch MCP
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Going out of business, miner with cost of extraction higher than sales
The world still needs its product.
I believe that this stock will just remain to be as stubborn as a mule, therefore prevail in time. But I'm probably going to find I was foolish.
It's going to take a while, but when they work through their financing issues and continued progress on their production debottlenecking they will be well positioned in a long term growth industry.
Buy on this recent dip. If the Chinese shut off supply, even part of it, to their hoard of rare earth minerals, then Molycorp's stock will skyrocket, as will the value of everything they do. This stock is too cheap not to buy.
This is a winner, assets alone are valued above what the entire company is right now. Grab some January 16 call options for dirt cheap and laugh to the bank.
Finally an entry point I can live with. Should really get moving by the end of 2015.
Cost over runs, delays, lower demand, China and bad management are a few reason REE will continue to have problems. MCP should be sold.
Ree only can go up from here
Short. What a mess. Former fad stock turned awful. They even have negative gross profit the past 3 out of 4 quarters. Massive losses and are selling tons of stock and issuing debt.
China, which is tightening its rare earth exports. Molycorp wins.
rare earth minerals.
Water resource play
their products are not found just anywhere.they are the largest.will continue to grow sales.
EV, hybrid, and plug-hybrid motor vehicles need lots of rare earths for the electric motors.
Rare earth minerals have to go up. They are involved in the development of all new technology. Lasers, tablets, fiber optics... Not to mention MCP primary competition comes from a communist country which tends to shut down their exports.
In all likelihood assets are not impaired as much as originally thought. They are the only miner in the Us mining rare earth metals. The market for rare earths is low right now. Buy now to harvest capital gains later, plus solid dividend.
expect them to recover when production from Mtn Pass targets, expect REE pricing to recover as China cuts back production and mkt continues to grow
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