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vagabondo

vagabondo
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  • Molycorp CEO Sees Less Rare Earths Price Volatility; Monthly Index Steady [View article]
    Recycle costs are close to mining i n this industry. And with the end products having about saturated the market, upgraded replacements mean that the supply of recoverable material will become more of a pricing factor in the future. I see REE prices under continued pressure from both recyclers and the high output of new mines particularly from MCP and Lynas.
    Mar 6 05:53 PM | Likes Like |Link to Comment
  • Auxilium: Serious Red Flags Make The Upcoming FDA Decision For Xiaflex A 'High Risk' [View article]
    I just dont know. It's a tossup but FDA is conservative so I think they will reject.
    Dec 5 06:26 PM | Likes Like |Link to Comment
  • Auxilium falls on unfavorable district court ruling [View news story]
    it is the =ONLY= other AUXL product now and if it too fails (to be approved) then its all over for AUXL.
    Dec 5 07:26 AM | Likes Like |Link to Comment
  • Auxilium falls on unfavorable district court ruling [View news story]
    FDA will not approve - borderline case - conservative FDA.
    Dec 5 07:25 AM | Likes Like |Link to Comment
  • Molycorp (MCP) soared 16% on the day on no news, but the move may have been driven by a technical breakout. Shares broke out from their 50-day MA at $6.09 on heavy volume and kept climbing; MCP has surged 24% this week. [View news story]
    All things are in favor of MCP at this point. The *company* is new (the stock is old), The manaagement came from Neo Materials and is competent (old MCP wasn't). Chairman of Board has put his own *cash* into the new MCP ($90 million) to insure success and no BK. SEC has dropped charges of old accounting irregularities entirely. Finally, the shorts have not (yet) caught on to the fact they've shorted a low-priced stock with no threat of BK and are stuck with a *huge* position.

    All in all, a situation made in heaven for longs. IMHO, of course.
    Jul 10 05:40 PM | 2 Likes Like |Link to Comment
  • Molycorp (MCP -0.4%) levels off after recovering sharply from a gap down of more than 9% this morning on news of a delayed Q4 earnings release. Byron Capital's Jonathon Hykawy noted earlier that the company's impairment news was not a shock, and he was surprised by the knee-jerk reaction given the postponement should not impact the prospect of production ramps. [View news story]
    People still holding this stock dont realize that the party's over in the rare earth area.

    Sure, there is big and growing demand for these elements but they are found everywhere, just in varying degrees of refinability, which means how expensive (or cheap) the local labor market is. For years now, that low cost labor has been in China and they have been slow in exporting these costs. They finally caught up few years ago and instituted some drastic price increases in a captive (for then) market. MVP caught the public attention with their reopenng of Mountain Pass (nom-competative) facility and the market went crazy - for a while.

    MCP's stock price will continue to drop until ot is on the pink sheets (under $1) and *still* there will be buyers out there hoping for a miracle. It *may* still occur in the form of US "strategic reserves" but that's a political gamble and not for the faint-hearted investor.
    Mar 1 06:43 AM | Likes Like |Link to Comment
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