NEWS: 1)CHINA LOST THE RARE EARTH APPEAL ABOUT EXPORT.
(Source: CNBC.com, MCP, Reuters News 8/7).
China lost the rare earth appeal about export, NOT ABOUT THE PRICE INCREASING( nothing in the ruling said about the rare earth PRICES, nothing said that China can't raise the rare earth prices).
To win, China has to fight back. There is only one (1) way for China to fight back is to RAISE RARE EARTH PRICES and THIS WILL BENEFIT MCP.
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NEWS: 2) MCP GETS $400.ML FINANCING FROM Oaktree Capital.
(Source: Yahoo.finance, MCP, news 8/6)
This means: THE STORM IS OVER, THE UNCERTAINTY IS OVER.
MCP survives and thrives.
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MCP stock will go up higher and higher.
CHINA HAS NO CHOICE BUT TO RAISE RARE EARTH PRICES NOW.
MCP is a buy, a very strong buy at this price, imo.
Go MCP ! Go MCP ! Go MCP !
