The Rising Influence of Rising Affluence

[DewDiligence]

Molycorp seeks to emerge from bankruptcy:

http://www.wsj.com/articles/molycorp-lays-out-financial-estimates-for-creditors-1451344059

Molycorp Inc. laid out the financial facts that it says justifies allowing it to exit chapter 11 bankruptcy in trimmed-down form as opposed to being pushed into a liquidation.

The rare-earths company says it would be valued at $252 million at most in a liquidation scenario, far from enough to cover more than $2 billion in debts. Oaktree Capital Group, a major lender, would collect, at most, about half of what it is owed if Molycorp’s bid to exit bankruptcy whole fails, according to estimates in new bankruptcy-court documents.

#msg-55194118 (from 2010) is still a good read.