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Molycorp, Inc Common Stock Message Board

  • markhwang2003 markhwang2003 Feb 14, 2013 1:15 PM Flag

    acquisition price? 10$, 20$

    who knows?

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    • Although I remain long with a small position and am watching to see MCP rise 25-50% soon, this idea of an acquisition is silly. They just completed a successful secondary and have installed new, competent leadership. The largest shareholder, Moli Metals (sorry for the poor spelling), has, to my simplistic analysis, an average investment basis of about $15.50/share. This investor has deep pockets as demonstrated by their recent $90 million participation in the equity portion of the secondary. Why would they settle for $10? And, it stands to reason MCP could have fetched this amount if it had sought buyers instead of offering the secondary. I hope MCP doesn't stand in the way of an interested buyer, but I don't see selling the company at these low values as a corporate strategy. Completing their large projects, stablizing leadership with CK, and experiencing a bounce back in REE commodity pricing will bring value to MCP and make it a much more attractive buy-out candidate...just my take.

    • Markhwang ....can you tell the msg board why any company would want to buy MCP ??
      There is NOTHING positive happening with MCP .....NOTHING ! Watch out longs March 1st is coming fast

      Sentiment: Strong Sell

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