Molycorp had to BUY a magnet materials customer for the very reason I'm calling, there just ain't that many of them, most particularly outside China.
In fact they were so desperate post Hitachi, Boulder Wind, etc, they actually paid 60x normalised earnings, and virtually signed dear old Moly's death warrant in the process, not sure I'd be boasting that expertise.
Or did you mean the "Lynas minus a dollar" mktg campaign to Japan? Failed back then, certainly not going to work at any scale going forward.
As to the balance, you can write MOU's till the cows come home but they'll amount to nothing without an established, secure supply chain, five years away at minimum.
In the meantime your mktg people are walking around with a glossy PDF in their pocket.
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21.5¢ |
Change
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Mkt cap ! $57.28M |
Open | High | Low | Value | Volume |
21.0¢ | 22.0¢ | 21.0¢ | $18.35K | 84.22K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25827 | 21.5¢ |
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Price($) | Vol. | No. |
---|---|---|
22.0¢ | 105025 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25827 | 0.215 |
2 | 114284 | 0.210 |
3 | 171867 | 0.205 |
3 | 30000 | 0.200 |
4 | 143658 | 0.195 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 105000 | 3 |
0.225 | 35362 | 2 |
0.230 | 73140 | 3 |
0.235 | 179596 | 2 |
0.240 | 141169 | 4 |
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