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Author: captainccs Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 72356  
Subject: Molycorp insider buying Date: 2/1/2013 9:36 AM
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Molibdenos Y Metales S.A. bought another 15 million shares of MCP at $6.00 plus warrants to purchase another 2,777,778 shares at %7.20


That is part of the financing deal reported by Molycorp:

$150,0000,000 in 5.50% Convertible Senior Notes due 2018 plus up to $22,500,000 in notes which converted at $7.20 represent almost 24 million shares. The company is also issuing 50,791,666 common shares (15 million bought by Molibdenos Y Metales).


This represents significant dilution for current shareholders but the market is reacting quite favorably.

Denny Schlesinger
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