Molycorp (MCP) -9.3% premarket after yesterday's 7.5% drubbing following news of its offering....

|By:, SA News Editor

Molycorp (MCP) -9.3% premarket after yesterday's 7.5% drubbing following news of its offering. Dahlman Rose downgrades shares to Hold from Buy, as the size of the offering raises questions whether MCP's Mountain Pass project will be completed in the forecast timeframe. The firm cuts 2012 and 2013 EPS to $0.80 and $1.20, respectively, from its earlier $1.70 and $3.50.