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Molycorp, Inc. Message Board

  • flyingstrat5 flyingstrat5 Dec 27, 2011 9:38 PM Flag

    Defense Authorization Act 2012 and REE

    http://seekingalpha.com/article/316183-remx-government-data-point-to-potential-rare-earth-mineral-boom


    The Defense Authorization Act of 2012 appears to be the final piece of the government puzzle needed to kick off the program.................................Significant upfront costs” is the key phrase that investors and or speculators may wish to pay attention to. Once it is publicly announced in the mainstream media that the U.S. government is stockpiling rare earth materials, there will likely be a stampede of investors looking to get in on what insiders such as Goldman Sachs (GS) have known was coming down the pike for years. Goldman Sachs was an early-stage investor in Molycorp (MCP) prior to it becoming a public corporation. Goldman would now have investors believe that the rare earth metals market will be marked by oversupply conditions going into 2012.

    Others analysts and experts in the field do not believe this to be the case and some openly scoff at Goldman’s analysis. Jack Lifton, writing for Technology Metals Research, states: “I sincerely wonder if this is even good nonsense.”

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