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i******r
发帖数: 861 | | D**********d
发帖数: 849 | 2 同问 REE 一开盘就惨跌，
没有什么公布的消息，这是怎么回事？
可惜我昨天入了一些，今天只能看着慢慢地滴血,唉！ | f**********g
发帖数: 2252 | 3 发信人: penncircle (宇宙无敌超级大反指), 信区: pennystock
标 题: Re: what happen to MCP?
发信站: BBS 未名空间站 (Fri Feb 18 10:06:26 2011, 美东)
An insider sold 6 Millions shares at $50... | f**********g
发帖数: 2252 | 4 Molycorp Prices Mandatory Convertible Preferred Offering
1 days 10 hours 22 minutes ago - CLM via Comtex
Close-Up MediaMolycorp, Inc., a producer of rare earth oxides, announced
that it has priced a $180 million offering of 5.50 percent mandatory
convertible preferred stock by the Company.
The mandatory convertible preferred stock offering consists of 1,800,000
shares of preferred stock with a liquidation preference of $100 per share.
The Company has granted the underwriters a 30-day option to purchase up to
an additional 270,000 shares of preferred stock to cover over-allotments, if
any, the Company said.
According to a release, unless converted earlier at the option of a holder,
the mandatory convertible preferred stock will convert automatically into a
variable number of shares of Molycorp common stock on March 1, 2014. The
mandatory convertible preferred stock will pay cumulative dividends at a
rate of 5.50 percent per annum on the liquidation preference of $100 per
share, if declared by the board, payable quarterly in arrears in cash or,
subject to certain limitations, in shares of common stock or in any
combination of cash and common stock.
The Company also announced that it has priced the secondary offering of 13,
500,000 shares of common stock by its selling stockholders at a price per
share of $50.00. The selling stockholders have granted the underwriters a 30
-day option to purchase up to an additional 2,025,000 shares of common stock
to cover over-allotments, if any. The secondary common stock offering is
expected to close on February 16, subject to customary closing conditions.
Molycorp expects to use the net proceeds from the mandatory convertible
preferred stock offering to fund its original Phase 1 production capacity
plan as well as its Phase 2 expansion plan that is expected to give Molycorp
the ability to produce at an annual rate of up to approximately 40,000
metric tons of rare earth oxide (REO) per year at its Mountain Pass,
California Rare Earth Facility by the end of 2013, the Company noted.
J.P. Morgan Securities and Morgan Stanley & Co. Inc. will act as joint book-
running managers for the offerings.
((Comments on this story may be sent to n******[email protected])) | f**********g
发帖数: 2252 | | i******r
发帖数: 861 | 6 看了几个commentary, 似乎这一条不能阻挡中国的policies.
上次MCP的180天效应惊心动魄，我是巨亏。这次MCP的扩股已经结束，本来以为会一路
走好。。。
6million的insidetrade会有同样的威力吗？
【在 f**********g 的大作中提到】
: Found a news:
: Trade Judges See Flaw in China Policies
: http://online.wsj.com/article/SB1000142405274870356160457615030
| B*****e
发帖数: 2413 | 7 Don't worry.It is an OE day! REE could be down below $13.00. I set a
limit order of $12.95. Did you see that call option doesn't change too
much.
AVL is in correction because of MCP and REE's performance. Buying stock is
fine.
MCP. I hesitate to load it due to offering and 180 days IPO.
【在 i******r 的大作中提到】
: 有何含义？能否帮忙分析一下？
| i******r
发帖数: 861 | | D**********d
发帖数: 849 | 9 同问 REE 一开盘就惨跌，
没有什么公布的消息，这是怎么回事？
可惜我昨天入了一些，今天只能看着慢慢地滴血,唉！ | f**********g
发帖数: 2252 | 10 发信人: penncircle (宇宙无敌超级大反指), 信区: pennystock
标 题: Re: what happen to MCP?
发信站: BBS 未名空间站 (Fri Feb 18 10:06:26 2011, 美东)
An insider sold 6 Millions shares at $50... | f**********g
发帖数: 2252 | 11 Molycorp Prices Mandatory Convertible Preferred Offering
1 days 10 hours 22 minutes ago - CLM via Comtex
Close-Up MediaMolycorp, Inc., a producer of rare earth oxides, announced
that it has priced a $180 million offering of 5.50 percent mandatory
convertible preferred stock by the Company.
The mandatory convertible preferred stock offering consists of 1,800,000
shares of preferred stock with a liquidation preference of $100 per share.
The Company has granted the underwriters a 30-day option to purchase up to
an additional 270,000 shares of preferred stock to cover over-allotments, if
any, the Company said.
According to a release, unless converted earlier at the option of a holder,
the mandatory convertible preferred stock will convert automatically into a
variable number of shares of Molycorp common stock on March 1, 2014. The
mandatory convertible preferred stock will pay cumulative dividends at a
rate of 5.50 percent per annum on the liquidation preference of $100 per
share, if declared by the board, payable quarterly in arrears in cash or,
subject to certain limitations, in shares of common stock or in any
combination of cash and common stock.
The Company also announced that it has priced the secondary offering of 13,
500,000 shares of common stock by its selling stockholders at a price per
share of $50.00. The selling stockholders have granted the underwriters a 30
-day option to purchase up to an additional 2,025,000 shares of common stock
to cover over-allotments, if any. The secondary common stock offering is
expected to close on February 16, subject to customary closing conditions.
Molycorp expects to use the net proceeds from the mandatory convertible
preferred stock offering to fund its original Phase 1 production capacity
plan as well as its Phase 2 expansion plan that is expected to give Molycorp
the ability to produce at an annual rate of up to approximately 40,000
metric tons of rare earth oxide (REO) per year at its Mountain Pass,
California Rare Earth Facility by the end of 2013, the Company noted.
J.P. Morgan Securities and Morgan Stanley & Co. Inc. will act as joint book-
running managers for the offerings.
((Comments on this story may be sent to n******[email protected])) | f**********g
发帖数: 2252 | | i******r
发帖数: 861 | 13 看了几个commentary, 似乎这一条不能阻挡中国的policies.
上次MCP的180天效应惊心动魄，我是巨亏。这次MCP的扩股已经结束，本来以为会一路
走好。。。
6million的insidetrade会有同样的威力吗？
【在 f**********g 的大作中提到】
: Found a news:
: Trade Judges See Flaw in China Policies
: http://online.wsj.com/article/SB1000142405274870356160457615030
| B*****e
发帖数: 2413 | 14 Don't worry.It is an OE day! REE could be down below $13.00. I set a
limit order of $12.95. Did you see that call option doesn't change too
much.
AVL is in correction because of MCP and REE's performance. Buying stock is
fine.
MCP. I hesitate to load it due to offering and 180 days IPO.
【在 i******r 的大作中提到】
: 有何含义？能否帮忙分析一下？
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