Conspicuously absent from Mark Smith's resignation announcement was any mention of the SEC...

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Ariel Aharonovich Comments (433)
 
This may be alarming, no doubt about this, BUT it can actually be seen as a good sign as well. Perhaps this resignation came as a requirement from the FEd itself in order to close the investigation, i.e. the CEO pay the price but this is it. Sure, this may be a loss of a good CEO for MCP but from an overall perspective, wouldn't you "trade" the CEO, any CEO for that matter, in exchange for an end to the SEC investigation?... I would!
11 Dec 2012, 05:25 PM Reply Like

lew69sd Comments (34)
 
Molycorp CEO Mark Smith is a scumbag. To leave a company like this, while under SEC investigation, is deplorable. Mark Smith drove this company into the dirt, and now he is jumping ship. If the SEC finds anything, I hope they throw his ass in jail.
11 Dec 2012, 05:28 PM Reply Like

FrankRichie Comments (4)
 
Ross's statement that this was a "natural transition" means a lot. Believe that Mark took full ownership for the SEC thing, as he should have, and paid the price. Also, the poor execution of the sub which caused MCP a 150 million charge also probably added salt to Mark's wound. Now by bringing on board the seasoned veteran, Constantine, to guide the company forward is a smart move for share holders like myself. Constantine is probably tougher, more experienced and can move things along more quickly and profitably. Food for thought.
11 Dec 2012, 07:07 PM Reply Like

wildfirexx Comments (91)
 
Yes,but what happens in the meantime..Do we see the shares plummet again from anxiety ? Anyways, unlike last time I have a stop loss order just incase!
11 Dec 2012, 07:13 PM Reply Like

Global Digger Comments (9)
 
What should anyone be afraid of? Profits? Lynas is in obvious deep trouble in Malaysia, unlikely to produce any significant amount of REO in 2013. This should help prices and MCP should be able to take advantage of an easy homerun situation like that. Let's hope they'll find a better CEO than the last one.
11 Dec 2012, 11:01 PM Reply Like

Michael Bryant Comments (3547)
 
A few $100s won't hurt.
11 Dec 2012, 09:57 PM Reply Like

paultroberts Comment (1)
 
One week he and other "insiders" are buying stock at $6/share...next week he abruptly "resigns". Something smells fishy...Did they just spike the stock to pay him off?
12 Dec 2012, 02:12 AM Reply Like

jerbear76 Comments (4)
 
While you guys above "may" be right, similarly, we "likely" will be best served, by waiting till more information comes forth in the coming hours and day & longer if needed.
Mr. Smiths' sudden departure is definitively precarious nonetheless, and almost alarming--whether it is good for MCP or not.
I like to trade the stock, so "WOW" did it certainly girate in after hours trading today-Dec 11th 2012.
12 Dec 2012, 02:13 AM Reply Like

jzut Comments (8)
 
Whipsaw!!! Look at the 4PM news. Going to 50. ???????
12 Dec 2012, 02:17 AM Reply Like