Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : MP Systems Corp. (formerly Molycorp) -- Ignore unavailable to you. Want to Upgrade?

To: sense who wrote (18)	2/20/2013 10:12:26 PM
From: Zilyunz	Read Replies (1) \| Respond to of 111

REE got hammered again today, down another 8-9% .....

To: sense who wrote (18)	2/21/2013 11:46:22 AM
From: factjack	Respond to of 111

Appreciate your analysis.....only in for a short term trade.

To: sense who wrote (18)	2/25/2013 7:16:21 PM
From: feedmindanaochildren	Read Replies (1) \| Respond to of 111

I am curious as to what their book value is at this point. Looking at the December, 2011 numbers there appears to be $6.00 per share in stockholder equity with about $4.00 per share in current assets. If those numbers are close to that when the 2012 year end numbers are released then I would think that buying a stock at it's book value is a rather attractive situation despite how ugly the chart may appear. I also see that the largest shareholder just bought 15,000,000 shares at $6.00 per share last month, increasing his position to over 30,000,000 shares.

To: sense who wrote (18)	2/25/2013 7:23:17 PM
From: feedmindanaochildren	Read Replies (1) \| Respond to of 111

The other thing that is intriguing to me is that Molibdenos Y Metales S.A. (out of Chile) is the company that has just increased their position to hold 30% of MCP's stock. If you look at Molibdenos' business you see that they engage in treating and processing molybdenum and related products worldwide. The company offers technical grade molybdic oxide powder and briquettes, and ferromolybdenum that are used as alloys in the production of steel and for the production of ferromolybdenum. One could speculate.........

To: sense who wrote (18)

2/25/2013 9:50:10 PM

From: feedmindanaochildren

Read Replies (1) | Respond to of 111

Period Ending		Dec 30, 2011	Dec 30, 2010	Dec 30, 2009

Assets
Current Assets
	Cash And Cash Equivalents	418,855	316,430	6,929
	Short Term Investments	-	-	-
	Net Receivables	70,679	16,421	1,221
	Inventory	111,943	18,822	8,545
	Other Current Assets	37,567	1,759	1,825

Total Current Assets		639,044	353,432	18,520
Long Term Investments		20,000	-	-
Property Plant and Equipment		565,990	99,178	78,442
Goodwill		3,432	-	-
Intangible Assets		3,072	639	704
Accumulated Amortization		-	-	-
Other Assets		23,587	26,311	-
Deferred Long Term Asset Charges		-	-	-

Total Assets		1,255,125	479,560	97,666

Liabilities
Current Liabilities
	Accounts Payable	175,841	17,234	8,830
	Short/Current Long Term Debt	2,386	3,085	-
	Other Current Liabilities	396	393	693

Total Current Liabilities		178,623	20,712	9,523
Long Term Debt		196,545	-	-
Other Liabilities		15,828	12,335	13,528
Deferred Long Term Liability Charges		18,899	-	-
Minority Interest		-	-	-
Negative Goodwill		-	-	-

Total Liabilities		409,895	33,047	23,051

Stockholders' Equity
Misc Stocks Options Warrants		-	-	-
Redeemable Preferred Stock		-	-	-
Preferred Stock		2	-	-
Common Stock		84	82	45
Retained Earnings		15,078	(93,435)	(42,661)
Treasury Stock		-	-	-
Capital Surplus		838,547	539,866	117,231
Other Stockholder Equity		(8,481)	-	-

Total Stockholder Equity		845,230	446,513	74,615

Net Tangible Assets		838,726	445,874	73,911

How is debt a problem with this company if they have $418,000,000 in cash and equivalent plus $70,000,000 in net receivables...and only $196,000,000 in long term debt? Even with accounts payable of $175,000,000 their total liabilities are $409,895,000 which is less than their cash and accounts receivable combined. Obviously something has changed drastically in FY 2012 for their debt to be downgraded to CCC+.....