Seeking Alpha

Sarcastic Processor

Sarcastic Processor
Send Message
View as an RSS Feed
View Sarcastic Processor's Comments BY TICKER:
Latest  |  Highest rated
  • Molycorp: Poised To Move Higher Still [View article]
    Please list and explain all my facts which are distorted, other than my typo in the spelling of Ross Bhappu's name.
    Feb 19 06:21 PM | Likes Like |Link to Comment
  • Molycorp: Poised To Move Higher Still [View article]
    Leaving aside the not inconsiderable uncertainty in the future evolution and pricing of the REE market, the key phrase in your post is "if management statements are to be believed ". Well, I can say that not all previous Lynas management statements have come to pass, and some of these had NOTHING to do with the state of the rare earth market or pricing or anti-Lynas protests in Malaysia. Nick Curtis, the crook, is still Chairman of the Board - to me, that signals to stay away, even though it's possible that Lynas and its share price will do well. Nick Curtis is every bit as dishonest and slimy as former Molycorp CEO Mark Smith, and that's a rather high (or should I say, low) bar. I was saying this back in Spring of 2011, before the full extent of Mark Smith's dishonesty and sliminess was evident to most folks. I say it again.
    Feb 17 03:45 PM | Likes Like |Link to Comment
  • Molycorp: Poised To Move Higher Still [View article]
    Lynas' former CEO, who is still Chairman of the Board, is a crook. After selling all his direct Lynas holdings (though retaining some indirect holdings), he tried to steal assets from Lynas, of which he was CEO and Chairman of the Board at the time, and self-deal them to another company in which he held a large percentage stake. Specfically, Nick Curtis tried to sell Lynas' Crown deposit to Forge, and didn't go through with the transaction only when he got caught with his hand in the cookie jar. And he wasn't fired. And he is still Chairman of the Board. Is that who you want representing you as a shareholder in overseeing the company management? http://bit.ly/1g9OsAo

    The Mark Smith era wasn't truly over at Molycorp until Ross Bhapu exited his position as Chairman of the Board in December . Similarly, the Nick Curtis era is not truly over yet at Lynas.
    Feb 16 02:08 PM | 1 Like Like |Link to Comment
  • Molycorp: Poised To Move Higher Still [View article]
    If you're going to quote Jack Lifton, and take his assessments and prognostications as gospel, then why don't you look at what he's been saying about Molycorp's prospects? Or is he only credible on those items (taken out of Molycorp context and without considering the important nuances which he does mention, such as distribution of rare earth elements), appear to support your investment thesis, even though he disagrees with your investment thesis as regards Molycorp?
    Feb 16 10:14 AM | Likes Like |Link to Comment
  • Molycorp: A High Potential Rare Earth Miner [View article]
    Marsha, you would be well served to investigate more thoroughly before correcting commenters (as well as researching articles), as you have done here. In particular, you may not be aware of Gareth Hatch's considerable credentials and in depth industry knowledge in the magnets and rare earth sectors, although you could have gotten some idea had you read his profile on this site http://bit.ly/1iT6nQV .Therefore, in your haste to correct, you may have relied on your incorrect interpretation of Molyocorp-provided material, perhaps in this case being the Molycorp 2012Q4 earnings slides, slide 25.
    Since Seeking Alpha's processing screws up the direct link, go to http://bit.ly/Ay5SFl, then click on "Quarterly Earnings" on the right hand side of the page under "Financial Results", then click on "Q4 2012 Molycorp Inc Earnings Conference Call Presentation" next to "03/14/13 4:30 p.m. ET".
    Perhaps you misinterpreted the following on slide 25 as meaning that Molycorp produces MQ2 magnets, rather than just MQ2 magnet powder.
    New product in Q4 2012; Zero Dysprosium MQ2 Magnets
    § Provided manufacturers with high-performance/high-... stability with zero
    Dysprosium and/or Terbium
    § Far superior retention of magnetic flux at higher temperatures than high-priced sintered Neo
    magnets
    § Target markets: automotive and home appliances
    Jan 31 07:04 AM | 1 Like Like |Link to Comment
  • Knocking Out Misleading Statements In The Rare Earth Space [View article]
    I only wish but that there were a mountain behind my house which could be heap leached. Better living through chemistry. What's a few carcinogenic chemicals in drinking water between friends? Toxic runoff is a good thing, I say, yeah, that's the ticket.
    Jan 18 10:32 AM | 3 Likes Like |Link to Comment
  • Knocking Out Misleading Statements In The Rare Earth Space [View article]
    Yes, at http://yhoo.it/1b9eY9Q .

    Seems like WBSR would have taken some time to verify facts before accusing other people of not verifying facts!!
    Jan 18 02:08 AM | 3 Likes Like |Link to Comment
  • Knocking Out Misleading Statements In The Rare Earth Space [View article]
    I'd like to see TRER's yet to be produced environmental impact assessment for heap leaching that mountain. Where do all those chemicals go? I'd say the possibility of someone objecting based on environmental considerations is not to be ignored.
    Jan 17 09:17 PM | 2 Likes Like |Link to Comment
  • Knocking Out Misleading Statements In The Rare Earth Space [View article]
    Has the article been edited to address WBSR's comment? I don't see reference to $375 million - was such reference deleted?
    Jan 17 07:06 PM | Likes Like |Link to Comment
  • Molycorp Multi-Bagger Potential In 18 Months [View article]
    Sorry, there's a typo. That should be 4.14 million additional common shares due to MCP preferred A conversion, not 2.14 million.
    Nov 15 04:24 PM | 3 Likes Like |Link to Comment
  • Molycorp Multi-Bagger Potential In 18 Months [View article]
    Agreed. See my comment above.
    Nov 15 04:22 PM | 1 Like Like |Link to Comment
  • Molycorp Multi-Bagger Potential In 18 Months [View article]
    In addition to all the points raised above about assumed volume, cost of production, reliance on management statements, confidence in Chinese crackdown, and absurdity of applying P/E of 22 to a stock such as Molycorp, there is also the matter of correctly accounting for shares outstanding in determining earnings per share.. In addition to the 188.6 million outstanding as of Q3 2013, there were another 51.75 million shares issued by Molycorp in October http://yhoo.it/I4uE62 . These should be added to the share count. It is lazy and inappropriate to rely on Yahoo Finance figures, which are based on the 2013 Q3 10Q. Additionally, next year shares of MCP preferred A will convert to common stock (almost certainly at 2 shares common per preferred share), so that will be another 2.14 million common shares http://yhoo.it/I4uETx .

    Gareth Hatch has already addressed the factor of 1000 underestimate on production cost goals, although U suspect the author did not carry that mistake through his "calculations", which are however, so shoddy, that who cares.
    Nov 15 04:17 PM | 5 Likes Like |Link to Comment
  • The Stars Have Aligned For Molycorp [View article]
    dreamin, in your list above, I think you meant, or should have meant, Pr, rather than Dy,
    Nov 10 10:07 AM | Likes Like |Link to Comment
  • Molycorp: Misconceptions And Reflexivity Present Opportunity [View article]
    Jack,

    It looks like my question concerning Chairman of the Board, to your first comment of this article, fell through the cracks. Thanks.
    Nov 10 09:57 AM | Likes Like |Link to Comment
  • Molycorp: Misconceptions And Reflexivity Present Opportunity [View article]
    Hey ausheds, I'm no Molycorp fan, but you might wish to EXPLICITLY point out, that your mistaking annual interest due as being quarterly totally negates your statement above "COH will exhaust sometime Q2".
    Nov 10 09:50 AM | Likes Like |Link to Comment
COMMENTS STATS
189 Comments
249 Likes