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Molycorp, Inc Common Stock Message Board

  • pirates144 pirates144 Nov 10, 2011 4:51 PM Flag

    Production way off. I've been trading

    MCP for over a year. Going long on strength or bouncing off support. Just read and compared this q to the last. What's up with the production? They weren't even close to their own guidance and they're lower there 4q prod estimates. I was surprised with the $/kg number. Very impressive considering many off the ree's have crashed off the boom highs........This is a very well run company. My guess is most of the street knew the prod #'s weren't possible. Still trading at 13x with the "hope" of the future in 2 huge ways. China invoicing next year and "Project Phoenix". All are down the road though. wouldn't be surprised to see $32. I will buy calls there. Any other insight would be appreciated as I get ready to invest again in MCP........

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