I'm thinking with QE3 coming in that precious metals will rise and with precious metals rising I think rare earth materials will also rise. We saw the market in China gain over 4% today. I see MCP going back up again and believe that the dips are good buys from here. MCP is trading at roughly 1/3 of what it was just a few months ago. Cheap if you ask me.
MCP - Molycorp, Inc. - Page 22
Insider buying as well. This price should be good to get into at now. It has had one hell of a drop this year.
This guy is not stupid. In under $10 and now over $12.3 on over $ million that is a good 900K roughly in profits for him. I say we see further gains on MCP
Struggling to connect the dots on Burberry Group plc(LON:BRBY.. down 20%) When I was in the UK burberry was known as the chav outfitter. http://www.urbandictionary.com/define.php?term=chav
Not really seeing the connection between a rare earths producer and clothing supplier for the lowest form of life in the UK.
Unless MCP is also the lowest form of a heavy earths company? I can think of lower ones examples being those that have claims but are yet to mine them. MCP started extracting in California a few weeks back.
(I do have some MCP but no guarantees on this one its still in show me mode) Not doing politics here but one potential USA prime minister is pro solar so i have FSLR the other has the diplomacy skills of a ... well lets just say I have MCP in case he gets in and can offend the 90% producers of heavy earths even further.)
I'd say they complement each other well
Yeah you have me there .. dam out smarted again ! My MCP to zero, a price I would pay to see Burberry go bust .. I may even be tempted to return to the UK if the Chavs go extinct.