Molycorp (MCP) Sees Lower Revs, Cash Flow on Mountain Pass Ramp Up
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Molycorp (MCP) Will Need More Cash, Says JP Morgan; Cuts Price Target
January 10, 2013 11:18 AM ESTShare of Molycorp (NYSE: MCP) declined in early trading after the company announced that it had not hit its 19k Phase 1 run rated at its Mountain Pass complex and would not expand to Phase 2 capacity of 40k until justified. It also announced that it was "evaluating its capital needs for 2013" and lowered 2013 revenue and cash flow projections.
In response, analysts at JP Morgan... More
