OTCPK:MCPIQ - Post by User
Comment by
luc-uk77on Aug 25, 2012 12:23pm
178 Views
Post# 20259941
RE: RE: RE: RE: MCP 30 USD mid of 2013
RE: RE: RE: RE: MCP 30 USD mid of 2013 Sorry mate my mistake you're right about debt. Still debt or no debt my point was that MCP sp is more affected by REE prices than company debt. 6% intrest on 1.2 bil £ debt makes 72 mil out of profit, not a huge ammount on a production of 40000 t ree, this if there was demand and prices were high, as thing stand it doesn't look too good for MCP, have become bearish on the sector in general... China export quotas is much higher than actual ree exported cause lower demand and smuglin. I know MCP have a diversified product range and with a bit of political help it could still make money out of new legislations etc but not easy to predict...