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Molycorp, Inc. Message Board

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  • daveedandlaura daveedandlaura Oct 1, 2011 4:44 AM Flag

    Shuttered Before It Opens Its Doors?

    The message from CEO Mark Smith as you open their website says "Plans are in place to bring the faciiity into full production, following an extensive modernization project. With appropiate federal assistance for research, development and capital costs Molycorp Minerals is prepared to establish domestic manufacturing capacity on an expedited basis".

    Questions:
    1. Just how far are they along in the planning process?

    2. Is the mine at Mountain Pass open, if not when is the targeted date (or at least a wish date) to open said facility?

    3.How much assistance are they forecasting will be necessary for the federal government to provide, grants, loans (guaranteed or not)interest rate on loans etc how much will they finance and the what will be the sources of those funds?

    4. Where are they in the regulatory process?


    Is it reasonable to conclude, this company is selling us an opportunity, nothing more at this point, if they are fact selling off old inventory as has been indicated by other posts? When that inventory is gone, what is in the pipeline to replace it and where will this replacement product come from? Is this a going concern company? Are we looking at a company that may very well be in liquidation? What have their external auditors concluded in their last audit?

    Those of you who love to take high risks, I think this is the place to be. I wouldn't bet the farm on this company however.

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1.31-0.21(-13.82%)Sep 18 4:00 PMEDT

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