“Might be total crap to you but it evidently was on spec to those who purchased 3620t, that’s a lot of kilos.”
Praseo,
Its a lot of kilo BUT you got manipulated by Molycorp to focus on one number which was how much it got sold but the important number is what is the in excess inventory LEFT UNSOLD that they have left out and have not told you. How many Thousand of tonnes of OFF SPEC ree that they have left inside the shed and have to be written off.
Also I know very well Molycorp is selling off spec crappy REE because they are getting $12.51Kg ASP for their product. Crappy REE crappy price. Lynas REE is fetching TWICE that amount. Lynas will SELL every single tiny but if REE powder it produces. Lynas will not have EXCESS unsold REE inventory. Lynas will not have to write off its inventory.
Also FACT; Mark Smith the former CEO has been investigated by SEC for Fraudulent inaccurate announcements about the company.
Also FACT; Molycorp is the only rare earth company to be sued by their own shareholders.
“Might be total crap to you but it evidently was on spec to...
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