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Molycorp (MCP -7.4%) plunges after warning of substantially lower than expected production in Q4...
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Wednesday, January 23, 11:52 AM ETMolycorp (MCP -7.4%) plunges after warning of substantially lower than expected production in Q4 2012 and H1 2013 while foreseeing a $250M cash shortfall even with its proposed $300M capital raise. But hope springs eternal for some, as Oracle's Laurence Balter remains bullish: "They are raising less capital than I thought... Investors need to be patient."
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