MP Materials Corp (MP): The Problem is went Bankrupt before and...

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1984ISHERE

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1984ISHERE

Re: Pisd post# 228

Tuesday, 05/03/2022 5:41:57 PM

Tuesday, May 03, 2022 5:41:57 PM

The Problem is went Bankrupt before and China has complete control of pricing

Besides his stake in a NBA team This is probably why Chamanth won't criticize CHINA for the Genocide its carrying out

Chamanth is a snake not to be trusted in my opinion he has screwed investors many times with his SPAC's

"But the company has to ship more than 50,000 tonnes of concentrated rare earths per year to China for final processing because its California equipment is not operational. Chinese customers account for all of MP’s $100 million in annual revenue"

https://www.reuters.com/article/us-mp-materials-ipo/u-s-rare-earths-miner-mp-materials-to-go-public-in-1-47-billion-deal-idUSKCN24G1WT

Just My Opinion. I might be biased because i own shares either long or short and/which which i might sell at any time. Do your own dd, my opinion is for entertainment purposes only and not to be construed as investment advice.