Posted by parkridge77 on 25th of Jan 2013 at 11:31 am
MCP- debt offering to help pay for mining costs in Ca.- also
unusual arrnagement with Morgan Stanleyon this offering- lending MS
stock to faciliate deal?! Odd
Along with the stock sale and debt offering, Molycorp said it
also will lend Morgan Stanley Capital Services LLC up to $40
million of common stock in order to “facilitate” the notes
offering. Molycorp said it won’t receive any proceeds from the sale
of the shares it’s lending to Morgan Stanley, but it will get a
“nominal lending fee” from Morgan Stanley to use for general
corporate purposes.
Posted by hawkinslf on 25th of Jan 2013 at 12:00 pm
Kinda sounds like a loan from MS with collateral being the MCP
stock MS is holding.....and may now own. Hummmm.......is this
a way for MS to invest in MCP outside of handling its debt
offering?
MCP also priced a secondary
Posted by steve on 25th of Jan 2013 at 09:55 am
MCP also priced a secondary at a deep discount to yesterday's close this morning at $6.00
MCP- debt offering to help
Posted by parkridge77 on 25th of Jan 2013 at 11:31 am
MCP- debt offering to help pay for mining costs in Ca.- also unusual arrnagement with Morgan Stanleyon this offering- lending MS stock to faciliate deal?! Odd
Along with the stock sale and debt offering, Molycorp said it also will lend Morgan Stanley Capital Services LLC up to $40 million of common stock in order to “facilitate” the notes offering. Molycorp said it won’t receive any proceeds from the sale of the shares it’s lending to Morgan Stanley, but it will get a “nominal lending fee” from Morgan Stanley to use for general corporate purposes.
Kinda sounds like a loan
Posted by hawkinslf on 25th of Jan 2013 at 12:00 pm
Kinda sounds like a loan from MS with collateral being the MCP stock MS is holding.....and may now own. Hummmm.......is this a way for MS to invest in MCP outside of handling its debt offering?
13/34 visual
Posted by roger on 25th of Jan 2013 at 11:39 am
http://stockcharts.com/h-sc/ui?s=MCP&p=5&b=3&g=3&id=t33644508393&r=1359134997453&cmd=print
Education
Posted by hawkinslf on 25th of Jan 2013 at 09:59 am
Steve, does this mean that over time, MCP will tend to move down to $6.00?
Not necessarily hawkins...it can move
Posted by steve on 25th of Jan 2013 at 10:06 am
Not necessarily hawkins...it can move where it wants to from here.