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Sarcastic Processor

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  • Molycorp Placed On CreditWatch By S&P, Tests 52-Week Low [View article]
    Adamantium, maybe you should go work for Howard Marks at Oak Tree if you're so enamored of him.
    Sep 9 02:58 PM | 1 Like Like |Link to Comment
  • Molycorp: Sans Oaktree Financing, Q1 2015 Bankruptcy Likely [View article]
    Shock Exchange, what is the basis for your assertion that the legal settlement was in the amount of $13 million? Have you been able to divine that from SEC filings/financial statements?
    Aug 22 09:48 AM | Likes Like |Link to Comment
  • Molycorp - Everything Is Moving In The Right Direction For Long Investors [View article]
    I didn't think it was possible, but the new CEO, Geoff Bedford, one-upped former CEO Mark Smith.

    In Nov 2011, Smith bragged that Molycorp sold every kilogram it produced, even though much of the sales were internal, such as to Silmet, and eventually written off. But Bedford was not content to brag about every kilogram, indeed "every molecule we ship downstream from Mountain Pass is ultimately sold in a higher value form". Unlike Smith, Bedford didn't even leave a stray molecule behind.
    Aug 16 10:52 AM | Likes Like |Link to Comment
  • Molycorp cut to Sell at Euro Pacific, which cites falling rare earth prices [View news story]
    Don't be so quick to blame EuroPacific. Seeking Alpha my be due a fair bit of the blame.

    Benzinga wrote "Molycorp average sales prices decreased heavily from 974 tons at $10.3 per kg compared to 1,049 tons at $16.8 per kg in the company's second quarter of 2013." "from 974" should be "to 974". So if Seeking Alpha tried to summarize Benzinga, it botched it. I would reserve any criticism of EuroPacific until after reading what EuroPacific disseminated, not Benzinga's summary of it, or Seeking Alpha's summary of Benzinga's summary of the EuroPacific report.
    Aug 11 02:40 PM | Likes Like |Link to Comment
  • Molycorp's Convertible Notes Are Worth From 3 - 5 Cents On The Dollar [View article]
    That is just really sloppy ausheds. That Engineering and Mining Engineering article has an error (typo). The original Molymet investment in Molycorp was announced on Feb 1, 2012, as stated above by End Game, see the original press release on the Molycorp website http://bit.ly/1l3PXk4 .

    As to whether Molymet realized its investment would be used to partially fund the Neo Material Technologies acquisition, perhaps, but I don't think that's ever been publicly disclosed. Perhaps Jack Lifton was hinting in his comment above that Molymet approached Molycorp with the idea of acquiring Neo, and using an investment from Molymet to do so (at least partially fund).
    Jun 10 08:13 AM | Likes Like |Link to Comment
  • Molycorp's $560 Million Intangible Assets Are Worthless [View article]
    Yes, stockpiling rare earths by the Defense Department would be smart ... well, as smart as anything else the government does. Then what China cuts off the supply of rare earths to the U.S., the Defense Department can send its stockpiled rare earths to China for processing.
    May 31 12:17 PM | 3 Likes Like |Link to Comment
  • Molycorp's $560 Million Intangible Assets Are Worthless [View article]
    There already is a Ce bomb. It's blown up Molycorp.
    May 31 10:23 AM | 3 Likes Like |Link to Comment
  • The Molycorp Case Study And The Irresponsibility Of Capital Markets [View article]
    Don't forget the big patent expiration in July 2014. That's already hurting Neo's business, and competitors are about to flood in.
    May 14 10:31 PM | Likes Like |Link to Comment
  • Molycorp: Catching A Falling Knife? [View article]
    Have you ever heard of Molycorp China, excuse me, Molycorp "Canada", which is the former Neo Materials (operations mostly in China) which Molycorp bought 2 years ago? The whole wrap the company up in the American flag thing was one of former Molycorp CEO Mark Smith's brilliant marketing schemes, as evidenced by people liking you still repeating his nonsense almost a year and a half after he was fired. You may have noticed that a few of his promises and predictions have not come to pass.
    May 13 01:47 PM | Likes Like |Link to Comment
  • Molycorp: Catching A Falling Knife? [View article]
    Sorry, I must have missed the memo or press conference in which the US department of defense made it very clear Molycorp is here to stay. Can you please clue me in?

    Also, when the US department of defense made it very clear Molycorp is here to stay, did it make it very clear that the current common shareholders of Molycorp are here to stay, rather than debt holders becoming the new owners in the event of bankruptcy, or pieces being bought out of bankruptcy with current common shareholders getting nil?
    May 13 11:16 AM | Likes Like |Link to Comment
  • Molycorp: Catching A Falling Knife? [View article]
    When you say "in each case that the board turned the deal down", are you referring to the Molycorp Board of Directors turning the deal down, as opposed to the board of the acquiree? Can you tell us which companies Mark Smith negotiated to buy? Prices? Timeframe of attempted purchases?
    May 13 11:10 AM | Likes Like |Link to Comment
  • Molycorp: Catching A Falling Knife? [View article]
    Mountain view facility? Freudian slip? Mountain Pass isn't Mountain View and Molycorp ain't Google, even though I'm sure it wishes it were.
    May 12 08:30 PM | Likes Like |Link to Comment
  • 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
COMMENTS STATS
201 Comments
257 Likes