" Prospecting the seafloor is strictly a Japanese political stunt to give them maneuvering room relative to their conflicts with China."
Especially when you consider how the spat over those small islands has escalated to the point now where the Japanese P.M. said he was willing to use force to evict any Chinese from them.
Of course, God forbid it, if shots actually do get fired in anger, the ree market could skyrocket.
Avalon Rare Metals (AVL) says the results from feasibility studies for its Nechalacho rare earth elements project confirm that it's "technically feasible and economically robust." The company said total project construction capital costs are $1.575B, which is inclusive of a 13% contingency and $122M in sustaining capital. Operating costs will average $264.5M per year, while revenue sould average $645.8M per year. Shares +2% AH. [View news story]
Don't you just love how these companies put out this info via a press release but a search of Sedar and Edgar show nothing except the pr.
Attention all water districts! Blue light special over at the SorbX aisle! Buy 10 bags of SorbX and get a free bag of lanthanum!
The above tongue in cheek was to make a point. The point being that jjbeswick is right. They obviously have a mountain of cerium to dispose of. At the risk of being called a shill by some here, may I point out that Jack Lifton commented at a previous SE article about just how difficult it is to sell anything to these water districts. Each one having their own buying and testing process, and gung ho high pressure sales just won't work.
No matter how badly Con K and the management team want to move that cerium out fast, it just may not happen- at least not in time to save the company.
Another thing that the SE pointed out as well was that even as Con K appeared to be in total command at the earnings call performance last month, he did not signal his intentions on his longevity in the position. It would have been a perfect time to make it clear that he was in it for the long haul; that did not happen and I can't help but wonder why not?
I am sure of one thing, if Molycorp is to be saved, he is the right guy at the right time, no doubt in my mind.
At the risk of repeating myself, who knows what will happen, perhaps the saving of the company will happen after it is broken up, for in this case, the individual parts may be worth more than the whole.
OK, let's talk about Molymess, to use Ausheds name for it and it is so apropos: rising inventory and a declining opaque market as far as prices paid goes due to the unique market maker- China, who has before singlehandedly destroyed its' competition and could do it again- so there is difficulty "counting it" for purposes of the balance sheet, and for making future forecasts.
an ambitious remaking of the company resulting in a huge debt overhang, all over the place, still incomplete with fingers being pointed everywhere, the mess being put together seemingly hodgepodge by previous management and at the height of the rare earth bubble, at top dollar, and now a mess that Con K is trying to sort out and fix.
a basket of products,heavily light ree's and a warehouse filled with cerium- a product that very well may take the market by storm SorbX, but in a business niche where sales are made very slowly after a long process- to paraphrase the rare earth expert Jack Lifton; the future of the company being gambled on one product almost, but what else could they do, the pit at Mountain Pass is full of cerium, and other hopes being pinned on the Magnaquench or whatever the name is for the new battery line....
I could keep on going here but these are high hurdles to overcome for Molymess to return to the high flyer, darling of the investors pedestal. I don't think it will happen.
I still think that the future of this company is the pit and possibly the new PP1 operations there going to Molymet, and the rest going to a spinoff of the old Neo Materials to Con K and a management buyout or other team, and a selloff of other parts that neither of the 2 mentioned above might not want.
That makes the most sense to me, get rid of the legacy debt however you have to do it, and break up this hodgepodge that is Molymess.
If the price of $MCP keeps falling to the Shock Exchange's level, closer to $3.50-4, I may load up just for a ride to see if I am right.
Great points but if the stock keeps sliding and people keep bailing,Molymet may just decide that mine is worth going for, friendly or otherwise- just think about it- spin off the old Neo and Molymet gets the pit and the rest at Mountain Pass.
Molymet is flush with cash and expertise- some stockholders might like to see this happen..
It would sure jack up the $MCP stock price for a while.
If the prices of the shares keep sliding, my guess is Molymet will end up taking the Mountain Pass pit off Con K's hands. I doubt that they are very interested in shutting the mine part down.
Molycorp Has Entered My $3.50 - $6.10/Share Range, Now What? [View article]
Very wise, ctrace. Wait for the capitulation moment before jumping in again.
Think about it. What possible good news can come out before the next earnings call? Why not sit out the ongoing carnage?
I believe recent history has shown that the good news better be huge to get the same effect upon the share price that a tiny amount of bad news will cause.
Molycorp Has Entered My $3.50 - $6.10/Share Range, Now What? [View article]
You may be on to something about the market moving on. There certainly is no lack of new people getting into this stock- some winning but most losing. Sounds like you will be one of the former, but your timing needs to be perfect with this yo-yo.
Miss Moly has been known to lull people with that magical lanthanide dust, then toss them and their depleted portfolios into the pit at Mountain Pass.
Molycorp Has Entered My $3.50 - $6.10/Share Range, Now What? [View article]
$3.50 sounds good to me. It's up today but who knows about tomorrow- never doubt the ability of this stock to confound even the luckiest of prognosticators.
The never ending drip, drip, drip of bad news should continue the next 2 quarters at least; barring a miracle such as the chlor/alkali plant being up and running within the next 2 weeks or so, or a major announcement of wildly increased SorbX sales- both unlikely to me.
You are right on the market timing, Bhappu et al could have taken out even more, possibly 50%, dough if they had bailed a little earlier. But I absolutely stand by the statement that they have sucked all the money out of this play- and now it is just going to be a hard slog making the dough the old fashioned way. Setting goals and laying the whip on to see that they are met.
This will require patience, and I am not so sure that the market or the stakeholders such as Molymet, will allow it to work out per management's plan, though Molymet has been patient so far.
Molycorp Earnings Surprise: 'Pain Ahead' For Shorts? [View article]
It is the linchpin upon which their hopes to be the lowest cost producer rests.
Molycorp Earnings Surprise: 'Pain Ahead' For Shorts? [View article]
Con K is the man.
http://bit.ly/13L9qkg
Molycorp Earnings Surprise: 'Pain Ahead' For Shorts? [View article]
Molycorp Earnings Surprise: 'Pain Ahead' For Shorts? [View article]
Molycorp Earnings Surprise: 'Pain Ahead' For Shorts? [View article]
Huge volume, I just can't believe that it is from pent up retail shareholder demand.
Rare Earth Weekly [View article]
Especially when you consider how the spat over those small islands has escalated to the point now where the Japanese P.M. said he was willing to use force to evict any Chinese from them.
Of course, God forbid it, if shots actually do get fired in anger, the ree market could skyrocket.
Rare Earth Weekly [View article]
Just visit the sites for the juniors planning to mine it, and you will see what I mean.
VM, do you know if the Phoenix Pt 2 will be needed to take the dysprosium at Mt. Pass?
Avalon Rare Metals (AVL) says the results from feasibility studies for its Nechalacho rare earth elements project confirm that it's "technically feasible and economically robust." The company said total project construction capital costs are $1.575B, which is inclusive of a 13% contingency and $122M in sustaining capital. Operating costs will average $264.5M per year, while revenue sould average $645.8M per year. Shares +2% AH. [View news story]
Molycorp: There Will Be Blood [View article]
Buy 10 bags of SorbX and get a free bag of lanthanum!
The above tongue in cheek was to make a point. The point being that jjbeswick is right. They obviously have a mountain of cerium to dispose of. At the risk of being called a shill by some here, may I point out that Jack Lifton commented at a previous SE article about just how difficult it is to sell anything to these water districts. Each one having their own buying and testing process, and gung ho high pressure sales just won't work.
No matter how badly Con K and the management team want to move that cerium out fast, it just may not happen- at least not in time to save the company.
Another thing that the SE pointed out as well was that even as Con K appeared to be in total command at the earnings call performance last month, he did not signal his intentions on his longevity in the position. It would have been a perfect time to make it clear that he was in it for the long haul; that did not happen and I can't help but wonder why not?
I am sure of one thing, if Molycorp is to be saved, he is the right guy at the right time, no doubt in my mind.
At the risk of repeating myself, who knows what will happen, perhaps the saving of the company will happen after it is broken up, for in this case, the individual parts may be worth more than the whole.
Molycorp: There Will Be Blood [View article]
rising inventory and a declining opaque market as far as prices paid goes due to the unique market maker- China, who has before singlehandedly destroyed its' competition and could do it again- so there is difficulty "counting it" for purposes of the balance sheet, and for making future forecasts.
an ambitious remaking of the company resulting in a huge debt overhang, all over the place, still incomplete with fingers being pointed everywhere, the mess being put together seemingly hodgepodge by previous management and at the height of the rare earth bubble, at top dollar, and now a mess that Con K is trying to sort out and fix.
a basket of products,heavily light ree's and a warehouse filled with cerium- a product that very well may take the market by storm SorbX, but in a business niche where sales are made very slowly after a long process- to paraphrase the rare earth expert Jack Lifton; the future of the company being gambled on one product almost, but what else could they do, the pit at Mountain Pass is full of cerium, and other hopes being pinned on the Magnaquench or whatever the name is for the new battery line....
I could keep on going here but these are high hurdles to overcome for Molymess to return to the high flyer, darling of the investors pedestal. I don't think it will happen.
I still think that the future of this company is the pit and possibly the new PP1 operations there going to Molymet, and the rest going to a spinoff of the old Neo Materials to Con K and a management buyout or other team, and a selloff of other parts that neither of the 2 mentioned above might not want.
That makes the most sense to me, get rid of the legacy debt however you have to do it, and break up this hodgepodge that is Molymess.
If the price of $MCP keeps falling to the Shock Exchange's level, closer to $3.50-4, I may load up just for a ride to see if I am right.
Molycorp: There Will Be Blood [View article]
Molymet is flush with cash and expertise- some stockholders might like to see this happen..
It would sure jack up the $MCP stock price for a while.
Molycorp: There Will Be Blood [View article]
Molycorp Has Entered My $3.50 - $6.10/Share Range, Now What? [View article]
Think about it. What possible good news can come out before the next earnings call? Why not sit out the ongoing carnage?
I believe recent history has shown that the good news better be huge to get the same effect upon the share price that a tiny amount of bad news will cause.
You are right to be patient.
Molycorp Has Entered My $3.50 - $6.10/Share Range, Now What? [View article]
Miss Moly has been known to lull people with that magical lanthanide dust, then toss them and their depleted portfolios into the pit at Mountain Pass.
Molycorp Has Entered My $3.50 - $6.10/Share Range, Now What? [View article]
The never ending drip, drip, drip of bad news should continue the next 2 quarters at least; barring a miracle such as the chlor/alkali plant being up and running within the next 2 weeks or so, or a major announcement of wildly increased SorbX sales- both unlikely to me.
You are right on the market timing, Bhappu et al could have taken out even more, possibly 50%, dough if they had bailed a little earlier.
But I absolutely stand by the statement that they have sucked all the money out of this play- and now it is just going to be a hard slog making the dough the old fashioned way. Setting goals and laying the whip on to see that they are met.
This will require patience, and I am not so sure that the market or the stakeholders such as Molymet, will allow it to work out per management's plan, though Molymet has been patient so far.