jp morgan new york presentation..., page-5

Heres something half interesting re a July IPO offering with our friends !!! Morgans..In Canada...do you get the feeling Morgans like China want to corner this market in REE.
Whats fully interesting is that on the 24th Molycorp was trading at $27.81.

Molycorp, Inc. Prices Initial Public Offering
Thursday, 29 Jul 2010 11:25am EDT
Molycorp, Inc. announced that its whose wholly owned subsidiary, Molycorp Minerals, LLC, is a U.S. rare earth producer and technology company, has priced its underwritten initial public offering of its common stock. Molycorp has agreed to sell 28,125,000 shares of common stock in the offering at a price of $14.00 per share. Additionally, Molycorp has granted the underwriters an option to purchase up to 4,218,750 shares of common stock to cover over allotments, if any. Molycorp`s common stock began trading on the New York Stock Exchange on July 29, 2010 under the symbol MCP. The offering is expected to close on August 3, 2010. Molycorp expects to use the net proceeds of the offering primarily to fund a portion of the modernization and expansion of its Mountain Pass, California rare earth mining and production facility. Morgan Stanley & Co. Incorporated and J.P. Morgan Securities Inc. are acting as joint book-running managers for the offering. - - - - - (repeated)
Molycorp