Monday, January 3, 2011

"Thompson Creek Won't Comment On Takeover Rumors, Says Stock Incorrectly Caught Up in Rare Earth Hype" (TC; MCP)

Too funny.
The stock is up 6.73% at $15.71.
From Street Insider:
Shares of Thompson Creek Metals (NYSE: TC) are surging higher on unsubstantiated takeover rumors reported at financial websites and and the hype surrounding rare earth stocks.

Company spokesperson, Pamela Solly, said she has seen the rumors but told, "we don't comment on market rumors."

Solly also explained that the stock has been incorrectly caught up in the rare earth hype. "We are not in the rare earth business," Solly said. The company has two molybdenum mines, and is constructing a cooper/gold mine....MORE