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Molycorp, Inc. Message Board

  • walterjensen3 walterjensen3 Nov 9, 2012 1:21 PM Flag

    Further dilution

    Lynas is going to raise another $200 million Monday by selling lyc shares in Australia at a discount to the current USA share prices for lyscf and lysdy. That explains why lyscf and lysdy shares are down today in the USA. Australian lyc shares were halted two days ago and will be sold at the closing price before the positive news of the granting of the LAMP for operation in Malaysia. The cash infusion will be very positive for Lynas even though further share dilution will occur. Molycorp is facing different kinds of problems now and the share price is falling. Lynas finally has solved its major problem and is on its way to producing rees. Molycorp continues to build out the Phoenix project and it too will be producing more Lrees next year. This may cause more deterioration in Lree prices which will be detrimental to both Lynas and Molycorp. Time will tell. I am not greatly optimistic for the ree space stocks currently.but I am favoring Lynas over Molycorp currently. If GWM can give clarity on the development of the Steen project, it may be a current buy. As time passes without clarity, GWM will also suffer IMO. I invite your opinions.

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