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iBot Vested

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  • Barbarians At The Rare Earth Mine: Molycorp Equity Holders Could Get Cooked [View article]
    These articles are super repetitive. I would go back to writing once a month or when news breaks that is actually new.
    Aug 1, 2014. 12:43 PM | 12 Likes Like |Link to Comment
  • Molycorp's Largest Shareholder Seeks $270M Capital Raise, Dilutive Event Could Happen Any Time Now [View article]
    That was for increasing 350 million authorized shares not an offering to the market.
    Jul 24, 2014. 03:16 PM | Likes Like |Link to Comment
  • Is Molycorp Bottoming? [View article]
    I wonder why people are so heated over the "cash burn." Over $1.3 billion has gone into building this plant. If you haven't been there, haven't seen another project similar to this one, then you probably won't understand what it takes to develop and solve production issues. If RE prices were more favorable, this project might have been a bit smoother; however, that doesn't change the business model they built this project for.

    -RE prices are still relative to what they were when this project began.
    -Downstream can still take most of phase 1
    -Molycorp needs 1k mt per month to be break-even pre-interest or 1.9k mt with interest (Q1 was 980 mt, April was 520 mt alone)
    -Even Ce had increase in demand for Sorbx. While the product is still young, trials have expanded which reflexes growing interest.

    I don't really view Molycorp as a rare earth company as much as I view them as a value added company that has great access to the materials they need to make value added products. I still think the company has many financial issues and I wouldn't recommend this stock as an investment yet. Nonetheless, you would be foolish to not follow this company for a good entry point.

    Q2 will give a well developed view of where the company is headed.
    Jul 19, 2014. 02:36 PM | 2 Likes Like |Link to Comment
  • Molycorp drop halted only briefly by positive analyst mention [View news story]
    I think if you understood what it took to bring a plant this size up to operation, you would understand why cash was being burnt. Bottleneck's are a pain when you have them in multiply areas. Plus, you had some engineering issues which forced a lawsuit to help recoup lost funds.
    Jul 10, 2014. 02:21 PM | 3 Likes Like |Link to Comment
  • Molycorp: Smart Money Bets On Restructuring, Shares Plummet 17% [View article]
    I read the release, but I wasn't sure what impact that had with the stock. They didn't disclose an amount or anything else that came of it. I hope they got some money out of it.
    Jul 10, 2014. 01:55 PM | Likes Like |Link to Comment
  • Molycorp: Smart Money Bets On Restructuring, Shares Plummet 17% [View article]
    I would have to give DA Davidson some credit if they can bounce a falling stock in 140 characters or less. This has been a fun stock to trade, nonetheless.
    Jul 10, 2014. 01:31 PM | 1 Like Like |Link to Comment
  • Molycorp: Smart Money Bets On Restructuring, Shares Plummet 17% [View article]
    It always feels good when a planned trade pays off. Maybe I will catch you on the up side. I'm long on stock from here. I also have $2.50 calls for Aug 16 if the shorts cover.
    Jul 10, 2014. 12:54 PM | Likes Like |Link to Comment
  • Molycorp drop halted only briefly by positive analyst mention [View news story]
    I'm long.
    Jul 10, 2014. 12:50 PM | 1 Like Like |Link to Comment
  • Molycorp: Smart Money Bets On Restructuring, Shares Plummet 17% [View article]
    SE, did you take your profit yet?
    Jul 10, 2014. 12:31 PM | Likes Like |Link to Comment
  • Molycorp: Smart Money Bets On Restructuring, Shares Plummet 17% [View article]
    Ya, I'm not buying the takeover.

    http://bit.ly/1rXJboS
    Jul 10, 2014. 10:15 AM | 2 Likes Like |Link to Comment
  • Apollo's Leon Black Seeks Backdoor Takeover Of Molycorp [View article]
    My favorite response to Jack Lifton. I hope the longs enjoy :D

    http://bit.ly/1lU9dBu
    Jul 9, 2014. 12:07 PM | Likes Like |Link to Comment
  • Molycorp Down Nearly 9% Mid-Day, What Happened? [View article]
    Hard to say right now. I don't know why they would be buying the bonds now, at 70 cents on the dollar, if they wanted to force a sale of assets which I don't believe they have priority on. I think the 10s have secured domestic assets which the $650 million note would take the largest share of. I don't know what the $230 million note would be left with after that. I will check tonight to clarify. The shareholders did vote to increase authorized shares, so something is in the works and they have shares to play with. If I had to bet on it, I think we will see a rollover.
    Jul 8, 2014. 08:32 PM | Likes Like |Link to Comment
  • Molycorp Down Nearly 9% Mid-Day, What Happened? [View article]
    SE,
    Any comment on Apollo snapping up bonds?

    http://bloom.bg/1lS8bpt
    Jul 8, 2014. 06:53 PM | 1 Like Like |Link to Comment
  • Molycorp Is Worth $1.60 Per Share [View article]
    With the way they have been burning cash, yes. If they don't raise before earnings, they are either asking for the share price to drop lower (maybe even lower than your $1.60), or they did better on cash burn for this quarter and volume picked up close enough to their 23k run rate that a small short covering will occur. I would assume they could tap the market for $4-$5 per share with production actually online. Again, I bet they will tap the market before earnings, but if they don't, one has to wonder.
    Jul 3, 2014. 11:16 AM | Likes Like |Link to Comment
  • Molycorp Is Worth $1.60 Per Share [View article]
    Or are you referring to H2 quota?
    Jul 2, 2014. 04:53 PM | Likes Like |Link to Comment
COMMENTS STATS
74 Comments
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