Molycorp -11.7%, Seeking Alpha blog says shares worth $1.60


Molycorp (MCP) -11.7% pre-market after a negative Seeking Alpha blog claims MCP could run out of cash by Q1 2015 without a capital raise.

MCP needs to raise ~$260M in additional capital in order to sustain itself, according to blogger New York Shock Exchange, who values the company at $1.60/share vs. the current $2.57 price.

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Comments (3)
  • Ignald
    , contributor
    Comments (2) | Send Message
     
    I sold at $3.30, wished I'd done so sooner !!
    2 Jul 2014, 09:07 AM Reply Like
  • Michael Bryant
    , contributor
    Comments (6751) | Send Message
     
    Buy at $1.
    2 Jul 2014, 08:36 PM Reply Like
  • MustangMajor
    , contributor
    Comments (113) | Send Message
     
    Schock Exchange is a distort and short
    fear monger that thinks running a
    companies potential into the ground is
    way easier than searching for great
    companies that can double or triple if
    held long enough to avoid the taxes
    like the institutional investors do. He
    has no idea what MCP is worth, just
    what he wants the price to be so he can
    cover and meet his profit target.
    2 Jul 2014, 09:43 PM Reply Like
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