Smith has always balanced on the edge of what is permissible in his statements about Molycorp. Things were always good, issues were far away. He made statements which later proved to be untrue. He made promises he did not keep. Not sure who said this or if true or not. But judging by comments of some here, the "just around the corner" comments have been coming for years and not months
Also numerous articles published on the hows and whys Molycorp failed..many such published in 2015
The theme here of the team having been there, done that (Raised money, overextended, Molycorp)...is probably another reason why the chips have taken and continue to take so long to line up.
A PP in August or September will be enough evidence for me to head em up and move em out with minimus damage. GLTA regardless of individual choices. Their clock is ticking on my investment.
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