Molycorp (MCP) has been hurt by the recent crash in rare earth metal prices, but thinks the...


Molycorp (MCP) has been hurt by the recent crash in rare earth metal prices, but thinks the crash could boost its competitive standing, by making it harder for would-be competitors to obtain funding. The company adds it's "looking to acquire downstream companies that can process rare-earth oxides and produce magnets."

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  • Jack Lifton
    , contributor
    Comments (430) | Send Message
     
    I'm totally confused here.

     

    The quote is: The company adds it's "looking to acquire downstream companies that can process rare-earth oxides and produce magnets."

     

    I thought that the "company" had those skills in place when it went public. Is the "company" now saying that it didn't have those skills in place when it implied and said it did, or that it has yet to find them, and, of course, this was the plan all along?

     

    As I recall the block diagram of the supply chain in the SEC filings by MCP it showed that the most profit was to be made through the margins the company would achieve manufacturing and selling rare earth permanent magnets. Was the operative mood of that filing denominated by "could achieve, if and when..."

     

    Is the Molycorp board satisfied with management's results NOW. I know the insiders were thrilled when they cashed out months ago, but the company has changed directions so much lately that I am thoroughly confused as to what the path is that the company will take to making steady PROFITS rather than endless conflicting announcements.

     

    The company desperately needs some independent board members and a clear direction.
    21 Nov 2011, 12:13 PM Reply Like
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