Early strength in Molycorp (MCP +2.2%) is attributed to a takeover story making the rounds...

|By:, SA News Editor

Early strength in Molycorp (MCP +2.2%) is attributed to a takeover story making the rounds highlighting the shares' recent fall below NAV which is turning the high-potential firm into a prime takeover target. Even after rebounding from a record low in November, MCP still trades at a 19% discount to their book value.