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

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.
Comments (3)
  • Stan Muse_
    , contributor
    Comments (144) | Send Message
     
    Let me see if I understand how this works. REEs are essential to US economic growth and national security. China owns the REE market and has driven prices down in the past to put US domestic producers out of business. China can then cut off US supply of REEs whenever they want to, as a global economic weapon.

     

    Congress bails out the banks, but the banks will not loan to Molycorp
    17 Aug 2012, 08:44 AM Reply Like
  • glenn terris
    , contributor
    Comments (9) | Send Message
     
    Why is the government so afraid to hurt anyone but it's own hard working (at least trying to) own people and companies?
    17 Aug 2012, 09:17 AM Reply Like
  • the_cybo
    , contributor
    Comment (1) | Send Message
     
    It is because we have the best government that Money can Buy. The banks have the deep pockets to keep our "elected " officials in congress at the trough. For them to do something that would that be good for the country and main street would be out of the question.
    17 Aug 2012, 11:21 AM Reply Like
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