Howard Marks' investment firm Oaktree Capital has filed a 13G with the SEC regarding shares of Molycorp (MCP). Oaktree now owns 9.1% of the company with over 24.47 million shares.
This is a newly disclosed stake and the filing was required due to activity on September 11th. The filing notes that the shares beneficially owned are a result of direct ownership of 18,358,019 penny warrants and 6,119,340 Oaktree Warrants which are defined in the filing here.
If you haven't already, be sure to check out Howard Marks' book: The Most Important Thing.
Per Google Finance, Molycorp is "provides Rare Earths and Molybdenum products to companies. The Company's rare earth products comprise of bastnasite, cerium, europium, lanthanum, neodymium, praseodymium, yttrium, and other lanthanides."
Friday, September 19, 2014
Oaktree Capital Discloses Molycorp Stake
blog comments powered by Disqus
