MP Systems Corp. (formerly Molycorp) Message Board

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Gold/Mining/Energy : MP Systems Corp. (formerly Molycorp)

MCP 30,550

-6.9%

Nov 5 4:00 PM EST

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To: feedmindanaochildren who wrote (30)	2/25/2013 10:46:29 PM
From: sense	Read Replies (3) of 111

That's a pile of cash... Will it be enough ? Before answering that question... I'd start by asking... how did they "manage" to get into a position that required raising that huge $90 million pile in cash, at a huge discount to the prior share price, to bail them out of the situation they were in ? If you're a holder... what was the cost of that one event... in terms of the impact in the dilution of your holding ? Was that one event... a one off... or just an indication of what you should expect more of in the future ? Put it in context... saying they just proved that they had enough room on their credit card to cover the cost of having totaled their car, which they proved by meeting the need for replacing it with a brand new one.... Before you say, "Hey, that's great... they got a new car..." maybe it would be good to find out what was going on that led to the need ? I don't think the risk here is primarily financial... It appears its more about "management running a tight ship"... or not... and management knowing what they are doing and "focusing like a laser" on the problems they need to solve... or not... Throwing money at problems... is a well known method of burning through a lot of money.

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