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Molycorp, Inc Common Stock Message Board

  • finding_value finding_value Mar 26, 2013 10:12 AM Flag

    Management big failure at this stage

    Unfortunate that they can't manage downward spiral in industry. Should have stuck with my GRPN.

    Sentiment: Hold

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    • Management is hard at work cutting costs (e.g., eliminating money-eating, price-lowering Phase 2 completion), finishing projects (Phase 1 and Sorbx launch), and approaching the finish of projects (Chlor Alkali and JV magnet significant production). They don't have much power over SP in the months in-between. If Phase 1 isn't very close at next earnings, that will be a failure; if significants cost cuts haven't been realized, that will be a failure; if Sorbx contracts haven't begun to fall into place, that will be a failure; if progress on Chlor Alkali is not reported, that will be a failure; if the picture for establishing a cash-positive business by 2014 isn't made, that will be a failure. New management has not done anything wrong yet, and they've done a lot right.

      This is current plan:
      MCP will finish Phase 1 by mid-year and cut costs drastically
      MCP will finish Chlor Alkali in 2nd half and cut costs drastically again
      MCP, through new distribution deal, will establish Sorbx as a product that can absorb all cerium production, for Phase 1 and eventually Phase 2

      Those are your guideposts.

 
MCP
0.3587Aug 6 3:56 PMEDT