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


To: sense who wrote (25)2/25/2013 10:09:47 PM
From: feedmindanaochildren  Respond to of 111
 
January 30th, 2013 Molibdenos y Metales S.A. bought 15,000,000 shares at $6.00 for $90,000,000 and increased their stake to 32,050,700. That is posted on the Yahoo Finance "insider transactions" page for MPC.
I believe that this insider transaction may have been the impetus for the move from $5.75 to $11 from November.
And we'll know very shortly if there will be a double bottom at $5.75 soon or if we break it and hunt for a new low....but I will be interested in seeing the 2012 balance sheet to see how it stacks up.