股市大跌時，往往是建倉個股的好機會。

最近大千的氣氛有些悲觀。雖然大盤的下跌幅度不算大，但是很多個股的下跌幅度卻相當可觀。這種時候，往往是分批建倉或換倉個股的好機會。但是，選對板塊和個股很重要。這裏，我分享一個我開始分批建倉的個股，希望能有拋磚引玉的作用。

這個股票就是稀土股MP。MP Materials 是西半球最大的稀土材料生產商。公司擁有西半球唯一一個規模化的稀土開采和加工基地，目前生產的稀土含量約占全球稀土含量的15%。分離的稀土元素是生產磁鐵的關鍵材料，在電動汽車、無人機、國防係統、風力渦輪機和機器人等高科技領域有廣泛的應用。這個股票我從它的殼FVAC上市不久就非常看好它，中間有過一些高拋低吸。這次大跌（從50+ 到33+）的一個重要原因是公司周二發布的這條關於發行可轉換債券的公告：

On March 23, 2021, MP Materials Corp. (the “Company”) issued a press release made pursuant to Rule 135c under the Securities Act of 1933, as amended (the “Securities Act”), announcing the pricing of a private offering of $600 million aggregate principal amount of its 0.25% Green Convertible Senior Notes due 2026 (the “notes”). The Company has also granted initial purchasers of the notes an option to purchase, exercisable within the 30-day period immediately following the pricing date of the offering, up to an additional $90 million aggregate principal amount of the notes. The notes are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act. The full text of the press release is attached as Exhibit 99.1 hereto and incorporated by reference herein.

Concurrently with the pricing of the notes offering, on March 23, 2021, the Company also announced the pricing of its underwritten secondary public offering by certain existing stockholders of the Company of 6.0 million shares of their Company common stock and a 30-day option granted to the underwriters to purchase up to an additional 900,000 shares of common stock from such existing stockholders solely to cover over-allotments at a price to the public of $35.00 per share. The Company has filed a registration statement (including a base prospectus) and a preliminary prospectus supplement with the U.S. Securities and Exchange Commission (“SEC”) for the offering, and the offering is being made only by means of such prospectus supplement and accompanying base prospectus, which together form part of the Company’s effective shelf registration statement on Form S-1 (File No. 333-251239).

采礦業是一個資金密集型的行業，發行可轉換債券進行融資並不罕見。比如，中國A股的紫金礦業（601899）就做過類似的操作。值得一提的是，這樣的融資對於公司的中長期發展來說絕對是利好：公司能以非常低的成本（０.２５％的利息）融入大量用於擴大再生產的資金，而無需向銀行借貸高息的貸款。另外，這次的發行是麵向機構投資者。如果發行成功，大量的機構投資將被鎖定，這是MP今後的股價能夠繼續起飛的奠基石。順便說一下，紫金礦業的股價在可轉換債券發行成功後就表現相當出色。在操作上，最好分批買入。畢竟MP目前仍處於快速下跌階段，股價尚未企穩。YMYD。