Molycorp, Inc.
 (MCPIQ)

- OTCPK - Limited
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  • Feb. 7, 2013, 11:35 AM

    Molycorp (MCP +1.9%) moves higher after noted bear Michael Gambardella of J.P. Morgan raises his rating from Underweight to Neutral following MCP's recent capital raise. But it's not exactly a bullish note: "While risks remain in the form of even lower rare earth prices and completing Mt. Pass on-time and on-budget and significantly reducing its operating costs... the greatest risk... has now passed."

    | Feb. 7, 2013, 11:35 AM
  • Jan. 25, 2013, 5:56 PM
    After-hours top gainers, as of 5:15 p.m.: KRO +5%. AUMN +5%. LRN +3%. PHH +3%. RIG +2%.
    After-hours top losers: TEX -7%. MCP -6%. OSK -6%. LVNTA -5%. SIVB -4%.
    | Jan. 25, 2013, 5:56 PM
  • Jan. 23, 2013, 3:59 PM

    Molycorp's (MCP -11%) ugly day nears a merciful end, capped by a Dahlman Rose downgrade based on the unanticipated additional scaling up of capital requirements, also noting an additional $130M in capex for 2013. Assuming the proposed $300M capital raise is finalized, 25M new shares are issued and the revised capex, the firm sees a negative ~$1.00/share impact to NAV.

    | Jan. 23, 2013, 3:59 PM | 1 Comment
  • Jan. 23, 2013, 11:52 AM

    Molycorp (MCP -7.4%) plunges after warning of substantially lower than expected production in Q4 2012 and H1 2013 while foreseeing a $250M cash shortfall even with its proposed $300M capital raise. But hope springs eternal for some, as Oracle's Laurence Balter remains bullish: "They are raising less capital than I thought... Investors need to be patient."

    | Jan. 23, 2013, 11:52 AM | 6 Comments
  • Jan. 23, 2013, 9:10 AM
    Premarket gainers: MAPP +59%. TELK +23%. CREE +14%. ISRG +9%. RFMD +6%. ACAD +6%. GOOG +5%.
    Losers: COH -17%. MCP -14%. NMRX -14%. STSI -11%. BNNY -8%. GD -5%
    | Jan. 23, 2013, 9:10 AM | 1 Comment
  • Jan. 23, 2013, 7:22 AM

    Molycorp (MCP) -4.3% premarket as the company sets a capital raise, offering a secondary of $200M in common stock and $100M of convertible notes. Both figures could rise another 15% if underwriters exercise their options to buy. (PR)

    | Jan. 23, 2013, 7:22 AM | 1 Comment
  • Jan. 14, 2013, 9:54 AM

    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.

    | Jan. 14, 2013, 9:54 AM | 1 Comment
  • Jan. 10, 2013, 12:45 PM
    Midday top 10 gainers: UCBA +48%. NOK +19%. VOXX +17%. NEWL +16%. FSCI +16%. MY +15%. HAST +15%. HGG +13%. SVU +12%. PTIE +11%.
    Midday top 10 Losers: MCP -21%. GIG -21%. DRWI -20%. UNXL -14%. PRXI -8%. QRM -8%. ASNA -8%. THLD -8%. SSRI -8%. PRGN -7%.
    | Jan. 10, 2013, 12:45 PM | 1 Comment
  • Jan. 10, 2013, 9:46 AM

    Molycorp (MCP -19.3%) plummets at the open after projecting lower-than-expected revenue and cash flow this year due to weakening rare earth prices. J.P. Morgan cuts its price target on shares to $5 from $8: "We continue to believe MCP will likely have to seek additional capital beyond just a revolver and/or equipment leaseback." AVL -3.9%, REE -3.1%.

    | Jan. 10, 2013, 9:46 AM | 2 Comments
  • Jan. 10, 2013, 9:10 AM
    Premarket gainers: NOK +20%. SVU +19%. NEWL +18%. QLIK +8%. CRUS +7%. STM +5%.
    Losers: MCP -12%. ASNA -12%. ARO -9%. TIF -8%.
    | Jan. 10, 2013, 9:10 AM
  • Jan. 10, 2013, 7:49 AM

    Molycorp (MCP) slides 8.7% premarket as the company warns its 2013 revenue and cash flow will far short of expectations. "(The company) is evaluating its capital needs." (PR)

    | Jan. 10, 2013, 7:49 AM | 1 Comment
  • Jan. 7, 2013, 7:27 AM

    China sets at 46.9K metric tons its first rare earth production quota for 2013 - roughly half the level of 2012. Molycorp (MCP) gains 3% premarket, also helped by Lawrence Balter putting the stock on his list of 2013 underdogs to surprise. The bad news and then some is baked in, he says, keeping his $50 price target on the shares.

    | Jan. 7, 2013, 7:27 AM | 10 Comments
  • Jan. 2, 2013, 9:10 AM
    Premarket gainers: ZIP +47.94%. POL +18.71%. SGYP +16.92%. MCP +9%. JRCC +8.41%. PAL +7.69%. KWK +7.69%. ZGNX +7.52%. PPHM +6.82%. ONTY +6.77%.
    Losers: ABT -50%.
    | Jan. 2, 2013, 9:10 AM | 6 Comments
  • Jan. 2, 2013, 8:12 AM

    Molycorp (MCP) +7.3% premarket, as the company’s low valuation and the chance to lock in rare-earth resources could make it a potential takeover target, Bloomberg reports. Analysts say manufacturers from Nissan (NSANY.OB) to Siemens (SI) could be interested, and shares could fetch $15 in a takeover.

    | Jan. 2, 2013, 8:12 AM | 1 Comment
  • Dec. 28, 2012, 10:22 AM

    China sets its H1 2013 export quota for rare earth resources at 15.5K metric tons to be split among 24 domestic producers. The quota is not always met due to weak global demand; China exported only ~13K metric tons of rare earth ores, metals and compounds in the first 11 months of this year, less than half the full-year 2012 quota.

    | Dec. 28, 2012, 10:22 AM | 4 Comments
  • Dec. 17, 2012, 10:45 AM

    Molycorp (MCP +0.8%) is initiated with a Neutral rating at Goldman Sachs, which says its positive view on growing leverage to higher-value, downstream products and potential share gains in China is balanced by management uncertainty and execution risk ahead of a big capacity ramp in 2013.

    | Dec. 17, 2012, 10:45 AM | 6 Comments
Company Description
Molycorp is the only advanced material manufacturer in the world that both controls a world-class rare earth resource and can produce high-purity, custom engineered rare earth products to meet increasingly demanding customer specifications. With 25 locations across 10 countries, the Company... More