the last round of funding via bonds is 9 month away, now they need another one. the last statement from nc in september was to be "cash flow positive in q1 2013". looking at molycorp he should know better and i'm sure he did and knows how much time and money is needed until the plant can generate profits. 9 month from first feed to kiln is very optimistic, everybody familiar with the industry knows that. so he keeps on making empty promises, destroys investors confidence and inches from one disaster into the next. a few years ago long before the chinese offer i was a strong believer too. now i want to see facts, no promises.
next month he'll be in hong kong again. last year he wanted to "celebrate production". what is he going to claim this year?
the last round of funding via bonds is 9 month away, now they...
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