General Moly, IncNYSEMKT
Mon, Nov. 7, 5:58 AM
Mon, Aug. 8, 5:48 AM
Thu, May 5, 5:23 AM
- General Moly (NYSEMKT:GMO): Q1 EPS of -$0.02
- Revenue of $0.55M (+358.3% Y/Y)
Fri, Mar. 11, 5:51 AM
- General Moly (NYSEMKT:GMO): Q4 EPS of -$0.02
Nov. 4, 2015, 6:03 PM
- General Moly (NYSEMKT:GMO): Q3 EPS of -$0.03 vs. -$0.04 in 3Q14
Aug. 4, 2015, 9:18 AM
- General Moly (NYSEMKT:GMO): Q2 EPS of -$0.07 vs. -$0.03 in 2Q14
May 4, 2015, 8:12 AM
- General Moly (NYSEMKT:GMO): Q1 EPS of -$0.04 misses by $0.01.
Apr. 24, 2015, 12:47 PM
- China’s decision to scrap export quotas and taxes on rare earth elements may boost stalled demand for the products, Lynas (OTCPK:LYSCF, OTCQX:LYSDY) CEO Amanda Lacaze tells Bloomberg.
- Users have been drawing down on stockpiles while awaiting clarity over China’s policy on the export of the elements, Lacaze says.
- China, which produces ~85% of global supply, announced yesterday it will remove export tariffs on rare earths beginning May 1.
- Lynas, which said March was the first month in the company’s history in which it was cash flow positive, is seeking to restructure its debt before September, the CEO says.
- Relevant tickers: MCP, REE, AVL, GSM, GMO, OSN, REMX
Apr. 23, 2015, 5:47 AM
- China will scrap export duties on rare earths and some metal products.
- Export duties will be removed on a wide variety of metal products, including those on rare earths, molybdenum, tungsten and some aluminum products, effective May 1.
- Beijing is attempting to boost exports, which fell 15% year-over-year in March.
- Currently, China levies export duties between 15% and 20% on rare earths products while molybdenum products carry export duties of 5% to 20%.
- Stocks: MCP, REE, AVL, GSM, GMO, OSN, REMX
Apr. 17, 2015, 9:47 AM
- General Moly (GMO +53.7%) surges higher after announcing a strategic partnership with AMER International Group to become a major shareholder, which will help its ability to secure full project financing for its Mt. Hope Project.
- China-based AMER says it will work with GMO to procure and support a $700M senior secured term loan from a major Chinese bank or banks for development of Mt. Hope, and says it will guarantee the bank loan.
- GMO estimates Mt. Hope molybdenum production will total 16.5M lbs./year for the first five years.
Mar. 23, 2015, 8:42 AM
- Molycorp (NYSE:MCP) +22.2% premarket after 60 Minutes aired a report last night on the importance of rare earth elements.
- The basis of the report is that modern U.S. life - from smartphones to cars to defense missiles - depends on rare earth elements, but that China dominates the industry
- Investors may be hoping the telecast sparks renewed interest in legislation in Congress calling for subsidies for the U.S. rare earths industry.
- Also on watch: REE, AVL, GSM, GMO, OSN, REMX
Mar. 11, 2015, 8:10 AM
- General Moly (NYSEMKT:GMO): Q4 EPS of -$0.02 in-line.
Nov. 3, 2014, 8:10 AM
- General Moly (NYSEMKT:GMO): Q3 EPS of -$0.04 misses by $0.02.
Aug. 4, 2014, 8:06 AM
- General Moly (NYSEMKT:GMO): Q2 EPS of -$0.03 in-line.
May 6, 2014, 8:20 AM
- General Moly (GMO): Q1 EPS of -$0.03 in-line.
Mar. 26, 2014, 3:38 PM
- Analysts say rare earth elements will continue to fall this year after China loses a trade dispute over its export controls, as new mines boost output and while demand in high tech products disappoints.
- A price war could break out after the U.S., EU and Japan won their case over export restrictions they said gave Chinese companies an unfair competitive edge in key sectors, says Ryan Castilloux of Adamas Intelligence; China's "only tangible defense becomes competing head-to-head on price with emerging global producers."
- Investors already are concerned about excess supply as Molycorp (MCP -3%) and Lynas (LYSCF -12.5%) boost output at their new mines; MCP aims to boost output to 20K metric tons/year after producing ~1K metric tons in Q4 2013.
- Also: REE -0.6%, AVL -2.4%, GMO -3.7%.