Molycorp files to sell 1,593,419 shares of common stock for selling shareholders
Please provide the link. You said it's on briefing.com but that was from 08-June-2011 and we are in August. Are you smoking?
Its true. Google "molycorp theflyonthewall.com" and you'll get it. 1.6m shares at an unspecified price. I wouldnt worry about it. This will dilute owners by <2%
That's roughly 1.8% of shares outstanding.I can't say I'm thrilled.
if you think this is going down by 1.8% on Monday, please sell. Note: if the price of the offering is above current share price, we'll be up on Monday friends. You better hope the offering is well below $54 for those that sold.Also note: I see zero panic selling in the afterhours on this news.Last note: MCP will be reporting next week. We'll see a run up to $65-70 before then like every other quarter
mcp is awesome, they probably made more money selling shares than ree's sale.