Molycorp: Sans Oaktree Financing, Q1 2015 Bankruptcy Likely
- Molycorp's $400 million Oaktree financing overshadowed dismal Q2 financial results.
- Excluding a $13 million legal settlement, Q2 cash burn would have been $93 million.
- Q2 results make previous estimates of bankruptcy appear more prescient.
- The market is telling us that even with the Oaktree financing, Molycorp is still not out of the woods.