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Molycorp, Inc. Message Board

  • mktmaven37 mktmaven37 Feb 28, 2013 9:23 AM Flag

    Huge insider buying since August??

    From the outside things don't look good for this company. What I don't understand is all the insider buying buying since last August. MOLIBDENOS Y METALES S.A. paid over 135 million to buy stock at $10 and most recently in Jan at $6. Why would they buy all this stock if the future was so bleak?

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    • They are all foreigners (South Americans). Next will be the chinese buying at $2, and control all RE market. Price of RE will go up drastically after that.
      Stupidity of MCP current management: Buy NEO at $1.2 Billion. Now whole company only worth soon less than $0.8Billion.

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