Replies to post #2867 on Molycorp.Inc. (fka MCPIQ)

[legalizeMJ]

YES, YOU'RE READING THE MCP CHART RIGHT.

The chart says: MCP is BULLISH.

[iheartweimers]

I'm not too happy. I bought back in thinking it would stop
dropping with the financing news. Has continued to fall.

Monday 08/11/2014 11:42 AM ET - S&P Capital IQ's Views and News
In a report released Monday, Euro Pacific analyst Luisa Moreno downgrades Molycorp(NYSE: MCP) from Hold to Sell, while reducing its price target from $3 to $2. Analysts at Euro Pacific view Molycorp as unfavorable due to continuous price decreases in special earth elements and lagging production efficiency in Mountain Pass. The firm noted how Molycorp has decreased its current account, burning through cash by nearly $80 million a quarter trying to stay afloat with its price decreases and trouble in Mountain Pass. Molycorp average sales prices decreased heavily from 974 tons at $10.3 per kg compared to 1,049 tons at $16.8 per kg in the company's second quarter of 2013. 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. Acquire Media


Moody's Says Molycorp's Ratings Not Immediately Affected By The Expected $400 Million Financing
Friday 08/08/2014 11:14 AM ET - Dow Jones News
The following is a press release from Moody's: Moody's Says Molycorp's Ratings Not Immediately Affected By The Expected $400 Million Financing http://www.moodys.com/page/viewresearchdoc.aspx?docid=PR_306109&WT.mc_id=NLTITLE_YYYYMMDD_PR_306109p