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To: Covenant who wrote (1328)5/18/2012 4:28:46 PM
From: Covenant  Read Replies (2) | Respond to of 1876
 
CVC is in this list. There is a high probability of 20% gains within 6 months, possibly much sooner, and CVC is relatively low risk. The wildcard of a buyout for a double or triple remains out there, but only if the Dolans want to sell.



To: Covenant who wrote (1328)5/18/2012 6:29:10 PM
From: Covenant  Respond to of 1876
 
MCP might be due for a short term bounce now that the short term catalyst has taken place.

Molycorp Prices $650 million of Senior Secured Notes Press Release: Molycorp – 2 hours 26 minutes ago

Companies:
Molycorp, Inc.

GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--

Molycorp, Inc. (NYSE: MCP - News) (“Molycorp” or the “Company”) today announced the pricing of $650 million aggregate principal amount of 10.000% senior secured notes due 2020 in an offering exempt from the registration requirements of the Securities Act of 1933 (the “Securities Act”). The notes will be senior secured obligations of Molycorp and will be guaranteed by certain of Molycorp’s subsidiaries. The gross proceeds from the offering of the senior secured notes will be placed into escrow pending the consummation of the proposed acquisition by the Company of Neo Material Technologies Inc. (“Neo”). Following release of the gross proceeds from escrow, the Company intends to use a substantial portion of the net proceeds from the offering to fund a portion of the Company’s proposed acquisition of Neo, including related fees and expenses, and any remaining net proceeds would be used for general corporate purposes.

The senior secured notes and related note guarantees to be offered will not be and have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or a solicitation of an offer to buy such notes or note guarantees and is issued in accordance Rule 135c under the Securities Act.

About Molycorp, Inc.

With offices in the U.S., Europe, and Japan, Molycorp, Inc. is one of the world's leading rare earths and rare metals companies. Fully integrated across the rare earth mine-to-magnets supply chain, it currently produces rare earth oxides at its flagship rare earth mine and processing facility at Mountain Pass, California, as well as rare earth metals, rare earth alloys, and the rare metals niobium and tantalum. Through its joint venture with Daido Steel and Mitsubishi Corporation, Molycorp expects to begin manufacturing next-generation, sintered neodymium-iron-boron (NdFeB) permanent rare earth magnets in 2013. The rare earths and rare metals that Molycorp produces are critical inputs in existing and emerging applications including: clean energy technologies, such as hybrid and electric vehicles and wind power turbines; multiple high-tech uses, including fiber optics, lasers and hard disk drives; numerous defense applications, such as guidance and control systems and global positioning systems; advanced water treatment technology for use in industrial, military and outdoor recreation applications; and other technologies.