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I would think so, biggest number I have seen is $51~ Morgan Stanley...I like the prediction though.
YES,MP will double from here
Whose Target Price is this? Yours?
MP Materials to Build U.S. Magnet Factory, Enters Long-Term Supply Agreement with General Motors.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2899-nyse/mp/112164-mp-materials-to-build-u-s-magnet-factory-enters-long-term-supply-agreement-with-general-motors.html?utm_source=newsletter_1256&utm_medium=email&utm_campaign=junior-mining-brief-for-date-b-j-y
Junior alert- API:CSE- OCTBQ:APAAF- 2nd highest rare earth grades in the world in Saskatchewan- Market cap is around $50 million! - MP market cap is $7 Billion
APAAF (API:CSE) up 26% today to .61 cents cad.-
With the 2nd highest rare earth grades in the world in Alces Lake Saskatchewan, they have also just announced mineralization over 27 sq/km. Lots of drill holes left to release from the 2021 drill program.
Press release: Press Release
Third Quarter 2021 Results
Revenue Increases 143% Year-Over-Year
Wow!!! Shakeout before earnings! Dam hedge funds ??
Possible pre earnings movement start - https://schrts.co/yyqmTgDW
Is this sp drop due to shorts ? I haven’t found any other news.
$MP Electric Car Makers Seek Substitutes for Rare Earth Metals
https://learningenglish.voanews.com/a/electric-car-makers-seek-substitutes-for-rare-earth-metals/5975400.html
Refresher Update:
Shenghe resources owns 10% of MP materials
Shenghe owns 10% of Rarex
RareX owns 12% of Canada rare earth Corp.
ANNUAL AND SPECIAL MEETING - 12 July 2021 - Meeting Materials
Canada Rare Earth will hold its Annual General and Special Meeting on Monday July 12, 2021 at 10:00 a.m. (local time) at Suite 2110, 650 West Georgia Street, Vancouver, BC
Meeting Materials:
NOTICE OF ANNUAL AND SPECIAL MEETING
MANAGEMENT INFORMATION CIRCULAR
FINANCIAL STATEMENTS REQUEST FORM
PROXY FORM
VOTING INSTRUCTION FORM
SHAREHOLDER RIGHTS PLAN AGREEMENT AMENDED JUNE 2021
What just happened? Down 3 bucks
Chugga chugga like to see $36-38 soooooon!
Mistake not coming back $25's/$26 on my part imo...
Today was pretty good
I'm not in this cycle and will wait for the next. Unless, there are extraordinary circumstances.
https://schrts.co/yWddXqJx
Looks like we may get some chart confirmation next week that MP is turning up. It looks to me a little early if you are trading it. Need to watch the chart signals. 3 EMA crossing the 5 EMA would start building confidence in my opinion.
https://schrts.co/JcbRiVgg
$MP MP Materials had better-than-expected Q1 sales results.
$MP MP Materials Is Maintained at Overweight by Morgan Stanley
Thanks SpotOnTrade I did not know that Mp had a high of $50.
Found this one Sunday.
GLTA
$MP Cramer's lightning round: MP Materials is vital https://cnb.cx/2ReB1NO
05/06/2021 MP Materials First Quarter 2021 Results Presentation
https://investors.mpmaterials.com/overview/default.aspx
Yes it is. I’ve been reading the comments and good discussion.
Anyone notice the amount of Mr Litinsky sold. Seems excessive Fool article included. Any one have any comments?
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001801368/0fe15528-9793-40d3-b976-15d63b21fe2b.pdf
https://www.fool.com/investing/2021/04/05/why-shares-of-mp-materials-dropped-14-in-march/
Why Shares of MP Materials Dropped 14% in March
March may have ended like a lamb, but it was the bears that made more noise with regards to this rare-earth minerals mining company.
Scott Levine
(TMFProudMonkey)
Apr 5, 2021 at 9:06PM
Author Bio
What happened
After shooting 44% higher in February, shares of MP Materials (NYSE:MP) fell 14% in March, according to data provided by S&P Global Market Intelligence. Things had been looking good for investors through most of the month; the stock had risen almost 10% through the first three weeks of March, driven in part by a strong fourth-quarter 2020 earnings report that featured the company beating analysts' expectations on both the top and bottom lines.
But then things headed south quickly. Management's announcement addressing how the company would be raising capital abruptly eclipsed the memory of the company's Q4 earnings report.
A financial chart shows a down-trending line.
IMAGE SOURCE: GETTY IMAGES.
So what
Shareholders had a lot to celebrate last month. On March 10, Cowen initiated coverage of the stock and assigned a $50 price target, representing about 25% of upside from where the stock was trading at the time of the announcement. A week later, more favorable news came as the company reported Q4 2020 earnings. Besides doubling revenue compared to Q4 2019, MP Materials reported net income of $24 million -- 23 times more than the $1.04 million that it reported during the same period last year.
But then the bad news came. On March 22, MP Materials announced that current stockholders intended to sell 8 million shares of stock in a secondary offering; moreover, the underwriters would have the option to purchase an additional 1.2 million shares in the subsequent 30-day period. While MP Materials will not receive proceeds from the sale, it will also not result in dilution as no new shares will be issued. On the other hand, MP Materials, on the same day, announced that it planned to raise $500 million through the offering of a green convertible bond due 2026.
MP Chart
MP DATA BY YCHARTS
In addition, the company stated that it planned on offering the underwriters an option to purchase another $75 million in notes. Unlike the first announcement, this deal could subject shareholders to future dilution, hence the stock's sell-off.
Now what
Although investors rejoiced at the company's fourth-quarter earnings report, they turned sour upon learning of the insiders' decision to sell 8 million shares. Granted, shareholders won't suffer dilution, but it could signal that insiders believed that the stock's impressive performance since its initial public offering (IPO) would not extend much higher in the near future. Likewise, news of the company's intent to issue the green bond -- and the prospect of future dilution -- failed to make investors happy. Investors, however, who recognize the company's competitive advantage as the owner and operator of the only rare-earth minerals asset in North America may be rewarded for their patience, thus MP Materials is certainly a stock that growth investors should keep on their radars.
Interesting commentary from article needs and needs to be action.
MP Materials bought the mine and restarted production in 2017. The Las Vegas-headquartered company is vying to restore the domestic rare earths supply chain from mine to magnet, and is hedging its bets on neodymium-praseodymium, with the hope of becoming the lowest-cost producer.
In recent years, the Las Vegas-headquartered company received a myriad of grants and contracts from the Department of Defense and Department of Energy to research and improve domestic capabilities. One of the company’s largest customers is Shenghe Resources, a Chinese company responsible for processing, distributing and refining, which also owns a stake in the company. The connection raised some concerns among DOE scientists, according to Reuters, but government funding has continued for a rare earths separation facility.
Shenghe Resources distributes the concentrate produced at Mountain Pass to refiners in Asia, “capabilities that simply do not exist at scale in the West,” according to an MP Materials spokesman.
The company plans to reinvest the free cash flow generated from operations into expanding MP’s U.S. capabilities, including a restoration of domestic refining capability at Mountain Pass by next year. Ultimately, the company, which went public last year through a SPAC merger, plans to “restore the full rare earth supply chain” to the U.S., the spokesman said, including refining and separation, and magnet-making by 2025, as the domestic electric vehicle market ramps up production.
“This is happening and I think it’s happening much much faster than I think anybody had anticipated,” said Ryan Corbett, the company’s chief financial officer. “We can compete and we’re going to continue to do it.”
https://www.cnbc.com/2021/04/17/the-new-us-plan-to-rival-chinas-dominance-in-rare-earth-metals.html
We are trading in line with QS, and it's been dropping hard after a short hit. Cramer is having them on Mad Money tonight to defend their position, if they sound credible, QS and MP could go back up on Monday. IMO
Even with free grant money there is no net, and then there is the issue of share dilution. It’s going to have to be some darn good news to get past the wall of shorts. JMO & I have no position.....Back to lurking
Still waiting for that shot !!!
We need a shot of good news to get this going up again. Only a matter of time!!!!
Easy trade..hold/accumulate MP$.. sell half @ $50 imo...
This is great information........MP will soar in the not so distant future, when more investors learn about the unique situation the company is in.
This link from another board - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162804519
Wonder when we hear more about concrete actions.
Wow!! Buying $NIOBF is like buying MP 2-3 years early at only a buck a share!! Mark my words NioCorp will be a $30-$50 dollars stock in 3 years!!!im loving my critical rare earth minerals stocks!!
Waiting for the bounce!! It will bounce and start running soon.......the product is needed and the company is well managed.
Great info thx.
Brian Kelly on fast money ( CNBC) just said to buy the opportunity. Cramer on mad money just said basically the same. I wish I had some dry powder, but I bought some on the way down. It’s a no brained!!!
Sure looks like it's headed for $28s or lower. Who knew or even imagined after great earnings.
I agree. Potential for $70s. But that is in the future. For down, down, down.
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