You’re fully aware of the cause due Molycorp’s fall and it certainly was of no fault of MS. I could name a laundry list of numerous successful CEOs who companies who have fallen to bankruptcy and now lead Fortune 500 companies today. It’s transparent that you have an ax to grind with MS. I have refrained from engaging with you because I see your intentions. Enjoy yourself......GLTA!!!!
When you impugn Mark's character as you have done twice in the last 24 hours with false accusations, you also offend many of us on this message board who have met him and can vouch for his good character.
Just this morning I sent an article which describes the circumstances under which MolyCorp suffered bankruptcy but you insist on spreading false rumors in spite of evidence to the contrary. The allegations you have insinuated in the past and the accusations you have made more recently in the last 24 hours are seriously libelous.
As it has been explained many times in the press, the bankruptcy had ZERO to do with Mark Smith and everything to do with China's market manipulation of flooding the global market with rare earth minerals at below market prices which killed off competition.
If you lost money in MolyCorp, don't blame it on Mark, blame it on yourself. Since you are an expert on EVERYTHING, you should have known the Chinese were going to flood the market and you had a chance to get out but you didn't.
For your edification, actually read the the article I posted earlier this morning with special attention to the following paragraph:
"China has dominated the world’s supply of rare earth materials for decades. Any changes in its exports have caused significant fluctuations in global prices in the past.
That happened in 2015, when the sole rare-earth mine in the United States, the Mountain Pass Mine in California, was driven into bankruptcy by low prices. At the time, China relaxed its rare earth oxide export rules and flooded the market with minerals, sending prices falling. Molycorp, which owned Mountain Pass, could not stay in business and soon filed for bankruptcy, according to a June 2017 report by Mining.com, a website that covers the mining sector."
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