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Wednesday, March 20, 2019 7:20:12 AM
“Molycorp Inc. warned on Monday night that it may not be able to continue as a going concern if it can’t fix its balance sheet. The Colorado-based company has US$1.7 billion of debt, including US$206.5 million of convertible notes that mature in June of 2016. It is bleeding cash from operations and is not in a position to meet its future obligations. Its cash position was down to US$212 million at the end of December.”
https://www.google.ca/amp/s/business.financialpost.com/commodities/mining/molycorp-inc-at-risk-of-financial-collapse-signalling-fall-of-rare-earth-industry/amp
I bilieve at IPO @ $14.00, there were about 80,000,000 shares outstanding and near the collapse of the REE run they had 244,000,000 shares out.
What does all that mean not much other than I don’t think Landmark was feeding misinformation as you stated.
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