Molycorp (MCP) +4.3% premarket on news of new insider buying; a director and a vice president bought a combined ~55K shares at $6.20-$7.10, worth ~$400K. [View news story]
These folks are putting their money where their mouth is -one thing to talk about your company another to put it on the table
Shares of Molycorp (MCP -1.5%) retreat after JPMorgan issues cautionary comments on the deal to take on an investment from Molymet. Analyst Michael Gambardella questions the timing of the cash infusion without any obvious use for it by the rare earth miner. [View news story]
I am a common sense investor MY QUESTION TO ANYONE IS WHY WOULD MOLYMET INVEST 390 MILLION INTO A FRAUDULENT COMPANY?DON'T THEY HAVE THEIR ACCOUNTANT'S RESEARCH BEFORE THEY BUY?
Molycorp (MCP) +4.3% premarket on news of new insider buying; a director and a vice president bought a combined ~55K shares at $6.20-$7.10, worth ~$400K. [View news story]
Shares of Molycorp (MCP -1.5%) retreat after JPMorgan issues cautionary comments on the deal to take on an investment from Molymet. Analyst Michael Gambardella questions the timing of the cash infusion without any obvious use for it by the rare earth miner. [View news story]
MY QUESTION TO ANYONE IS WHY WOULD MOLYMET INVEST 390 MILLION INTO A FRAUDULENT COMPANY?DON'T THEY HAVE THEIR ACCOUNTANT'S RESEARCH BEFORE THEY BUY?