Submitted by madhedgefundtrader on 09/03/2010 - 23:17
Book Value China Department Of Energy Market Conditions
Despite lackluster market conditions, Molycorp managed to raise $394 million through its July IPO at $14/share. The company will use the funds to reopen the first rare earths production in the US since 1992, making it the largest such producer in the world outside of China. The hard asset crowd has been pouring in, making it one of the best equity launches of the year. An alternative energy, national defense, commodity, inflation play is a win-win-win-win. (MCP), (LYSCF).