MP Materials Corp. MP

Anybody knows that that the US government’s cancellation of the $500 million cobalt contract by the Defense Logistics Agency (DLA) over “outstanding issues with the Statement of Work” ? Please see news link below. This caused today’s waterfall.

https://www.fastmarkets.com/insights/us-dla-cancels-alloy-grade-cobalt-contract/?utm_source=perplexity

Volatility baby. Gotta love it

Right now, with all these news of import from China come back temporarily. We got to applause for the CEO. for the deal of the floor price + extra finance support from giant bank and Company. I liked how calm he was during the interview, and how he prepared silently for scaling up ready, and patiently secured all these financial and political support. Worth to buy at a good price and hold. You never know when will be another bad news from China or when the MP will secure another big order.

That is it!? Got to be more profit taking. People is probably thinking when to get up the train again.

Finally pull back. Give us a reasonable dent on the curve before going up again. It should be more healthy.

Offering ? This is shit. ?

Ok Farmer Jim, you been in this for a long time and taken so much heat and then yousold out and miss the big ride up. Wow ???‍♂️

What’s going on with this thing? Seems a lot of shadiness that can’t be explained without going to the dark side

I guess the CEO knows its refinery capability will not be up anytime soon. And current war with China make its revenue drop like a rock. Potential of the company is just potential. It is company and CEO’s decision on how to and how long to make MP a solid investment again.