Credit Bubble Stocks

Story today. Nobody wants the Mountain Pass mine!

Nov. 3, 2015: Disclosure Statement was filed and the Disclosure Statement Notice was served as set forth below; Nov. 17, 2015: Deadline fo...

"The extent of the value destruction is pretty breathtaking. They have consumed over $3.8B of capital between the paid in capital and ...

WSJ : "The bankruptcy restructuring leaves Oaktree’s loans in place at the top of Molycorp’s pile of debt, said Molycorp lawyer Paul ...

Filed in Delaware yesterday. The WSJ story : Molycorp wasn’t alone in betting on growth. Mining giants such as Rio Tinto Group and BHP Bill...

A million+ of the WLT 8.5s due 2021 traded at 3.5; yield to maturity of 222%. An odd-lot of the WLT 9.875s due 2020 traded at 2.45; yield ...

Nuclear reactors for power generation don't have to use uranium for fuel and water for coolant, the way that the 99 power reactors in t...

A million+ of the Molycorp 6% notes due 9/2017 traded at 3 cents. A yield to maturity of over 300 percent!

WLT 9.875s have a coupon on 6/15 - for about $22 million. MCP 3.25s have a coupon on 6/15 - for about $3.7 million. And of course, the MCP...

"GREENWOOD VILLAGE, CO (June 1, 2015) — Molycorp, Inc. (NYSE: MCP) (the “Company”) announced today that it has elected to take advant...

Molycorp has a $32.5 million coupon due June 1 on the $650 million of 10% secured notes. That's a date to "circle on the calendar...

Speaking of sleuthing , here are highlights from some of the reviews of Molycorp on Glassdoor.com "Long drive, bad executive decisio...

"The DIP loan, which may range from $150 million to $200 million, would give the company fresh cash instead of exchanging existing not...

From Form 8-K today: The Company reported higher production volumes in the first quarter of 2015 at its Mountain Pass, California rare ea...

Form 10-Q for the quarterly period ended March 31, 2015: As a result of continuing softness in the prices for our products, as well as in...

A million of the WLT 2021s (8.5%) traded at 8 cents today. I believe these are trading flat, and are owed a coupon (4.25 cents) no later tha...

From Bloomberg : "Houlihan Lokey and Kramer Levin Naftalis & Frankel, which are advising holders of Molycorp’s $650 million of 10...

RadioShack bonds traded last week with a 5 handle. The Walter Energy 8.5s traded at 6.25; massive current yield! The EXXI 3s traded in th...

Kevin Starke - CRT Capital Group - Analyst Okay. Last question. I do bankruptcies and distressed all day long, and it's fairly obvious...