MCP: Molycorp, Inc. Instablogs Page 1

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Friday, May 10, 2:31 PM Molycorp (MCP +35.5%) shares are at the day's high after better-than-expected Q1 results, but at least some analysts remain cautious. Stifel Nicolaus cuts its 2013 earnings forecast on an assumed sales volume decline in part of MCP's business and more conservative pricing. Goldman Sachs shares concerns about pricing until the integration of its chlor-alkali plant later this year. 10 Comments [Commodities, On the Move]
Friday, May 10, 12:52 PM Midday top 10 gainers: UNIS +58%. DRAM +57%. VRML +26%. SREV +22%. MCP +20%. UBNT +18%. RH +18%. WCRX +17%. CSIQ +16%. SQNM +16%.
Midday top 10 losers: PTIE -48%. DRRX -41%. IFMI -34%. AFFY -26%. SRT -23%. LPDX -22%. OPTR -17%. REFR -16%. PANL -16%. TRMD -15%. Comment! [On the Move]
Friday, May 10, 10:23 AM A new processing facility at Molycorp's (MCP +20.5%) Mountain Pass mine should reach full production by mid-year, but a chlor-alkali plant at the mine that would allow for cost cuts by recycling some chemicals is not due to start operating until later in the year, MCP says in last night's conference call. MCP will be unable to sufficiently cut costs until the plant is online, so it may cut production at the processing plant. 3 Comments [Commodities, On the Move]
Friday, May 10, 9:10 AM Premarket gainers: PGNX +26%. UNIS +21%. UBNT +19%. SQNM +11%. MCP +11%. XIN +7%. NBG +6%. NTE +5%. MT +5%.
Losers: PTIE -48%. IFMI -36%. AFFY -18%. SNTS -7%. OPTR -7%. DDD -6%. MDRX -6%. LFVN -5%. Comment! [On the Move]
Thursday, May 9, 5:54 PM After-hours top gainers, as of 5:30 p.m.: UBNT +10%. UNIS +10%. MCP +7%. WIFI +7%. DAR +6%.
After-hours top losers: ONTY -10%. AL -8%. AIRM -7%. SNTS -6%. TSEM -6%. Comment! [On the Move]
Thursday, May 9, 4:48 PM More on Molycorp's (MCP) Q1 results: Says production ramp-up at Mountain Pass remains on course, and increasing production is allowing production for end-use customers and providing greater feedstock to downstream, value-added processing facilities. Sees signs of a return to more normal demand levels as the year progresses. Continues to expect H1 results weaker than H2 2012. Shares +8.9% AH. 1 Comment [Commodities, Earnings, On the Move]
Thursday, May 9, 4:12 PM Molycorp (MCP): Q1 non-GAAP EPS of -$0.15 beats by $0.12. Revenue of $146.4M beats by $9M. Shares +5.6% AH. (PR) 11 Comments [Earnings, Breaking News]
Thursday, May 9, 12:10 AM Notable earnings after Thursday’s close: AGO, AIRM, AL, ALIM, ANAC, ASYS, AUQ, BCEI, BID, BPZ, CALL, CPE, DAR, EGY, ET, FTK, FXEN, GXP, KTOS, LLNW, MBI, MCP, MDRX, MDVN, NGVC, NVDA, OPTR, PANL, PCLN, PDLI, PSA, RNDY, SF, SLXP, SQNM, TNGO, UBNT, ZGNX Comment! [Earnings]
Wednesday, May 8, 5:35 PM Notable earnings after Thursday’s close: AGO, AIRM, AL, ALIM, ANAC, ASYS, AUQ, BCEI, BID, BPZ, CALL, CPE, DAR, EGY, ET, FTK, FXEN, GXP, KTOS, LLNW, MBI, MCP, MDRX, MDVN, NGVC, NVDA, OPTR, PANL, PCLN, PDLI, PSA, RNDY, SF, SLXP, SQNM, TNGO, UBNT, ZGNX Comment! [Earnings]
Tuesday, April 2, 11:42 AM A day after shares sank to an all-time low, DA Davidson initiates coverage of Molycorp (MCP +2.9%) with a Buy rating and $7 price target. The firm thinks implementation of some unique recycling technologies, the use of lower energy cost processes, and the resource advantage from Mountain Pass should help MCP become the low-cost supplier in the rare-earth industry. 1 Comment [Commodities, Quick Ideas, On the Move]
Tuesday, March 26, 5:10 PM Molycorp (MCP) announces a turnover in mangement, saying that John F. Ashburn, Jr., its General Cousel, and John L. Burba, its Chief Technology Officer, have both resigned from the company, but will remain on in a limited consulting capacity. Geoffrey R. Bedford, the company's EVP of Rare Earths and Magnetics, will assume COO duties, effective immediately. Shares +0.4% AH. 4 Comments [Commodities]
Friday, March 15, 5:15 PM Molycorp's (MCP) deal to distribute its cerium-based water treatment product to municipal and industrial wastewater treatment plants may have eased some investor concerns about MCP's cerium capacity, Goldman Sachs says (also). Jefferies starts coverage at Neutral but could turn more positive if customer trials on the product end well and upon a better understanding of the deal's margin profile. 2 Comments [Commodities]
Friday, March 15, 11:58 AM Molycorp (MCP +4%) is maintained at Neutral by Goldman Sachs after reporting Q4 results, as the firm notes positives at MCP despite supply and demand challenges in rare earths this year. MCP's targeted cash production costs of $6-$7/kg is a sign of operational confidence in the near-to-medium term cost roadmap despite recent liquidity and management related turmoil, Goldman says. 3 Comments [Commodities, On the Move]
Thursday, March 14, 4:35 PM More on Molycorp's (MCP) Q4 results: Revenues rose 1.1% Y/Y to $134M vs. $161M analyst consensus. Sees H1 financial performance slightly weaker than H2 2012, but expects global supply and demand for rare earth oxides will approach a healthier balance during 2013, and pricing within many key applications of rare earths will be beneficial to both customers and suppliers. MCP +1.8% AH. 3 Comments [Commodities, Earnings, On the Move]
Thursday, March 14, 4:18 PM Molycorp (MCP): Q4 EPS of -$0.45 misses by $0.15. Shares +1.8% AH. (PR) Comment! [Earnings, Breaking News, On the Move]
Thursday, March 14, 12:10 AM Notable earnings after Thursday ’s close: ANAC, ARO, BCEI, COSI, CPE, EGY, FXEN, HOGS, KKD, MCP, OMPI, STEC, ULTA, ZUMZ Comment! [Earnings]

MCP Molycorp, Inc.

MCP

Molycorp, Inc.