Carl, it is happening. Movement is picking up, physical deliveries are up. The recent changes in trading and market fix have us entering a "new world" that we do not fully appreciate as of yet. Add to this the slow, but accelerating, De-dollarization of world trade and the multitude of changes that brings for gold. We are entering quite an unknown. The big challenge to this are the Western Central Banks and the optics of loss of control rising gold prices represent. The forces keeping gold down and this physical demand is stretching the trade . Either they--Central Banks--allow gold to orderly climb, or there will be a spectacular adjustment.
Stand corrected.. "Many of us assume TC..etc."
Why did I make that statement. First, I don't think TC has a" cash crisis" nor will they in 2015. They have $266 mil in cash. I guessing they have positive earnings in this year - maybe in the $20-25 mil range. They will also build cash via depreciation expenses which drop onto the balance sheet. Might get another $50-60 mil there.
Second, my understanding is the premium is not that large and interest expenses would be reduced accordingly.
Third, TC needs to deal with the GSO's before they can renegotiate the remainder of their debt.
Fourth, other than the crusher, I don't know of any burning projects needing cash. Yes, Pam said they have more projects that need cash than they have cash. Well, so do I.
Finally, I don't intend to get dragged into some long debate with you like you and Ultra had over the GSOs. You asked why I made the statement and above are my reasons.
TM, with this continuous buying, one would think it would eventually put some pressure on gold prices. (Of course, maybe it has and that is why gold prices haven't dropped below $1150).
You have to ask yourself, what do you know today that you did not know yesterday, or last week, or last month? The company has to start promoting itself to investors. (i.e. mission statement: Promote shareholder value through the mining of Copper, Gold and Moly. Goal: Each week have a PR release that shares company value with shareholders and the investor marketplace. If TC were judged on this metric, Perron would be gone. )
Ever have run-in with arnoldboils? He a vindictive kind of guy who have the feeling that life has passed him by. He drive a fork-lift truck. His old girlfriend, sandi zook, drop him not too long ago He was arrested in Wichester, Va for public drunkeness and theft. He feel good when he give someone the thumb. That about the only pleasure he get. Don't let the thumb bother you, Jack.
Where he keep his thumb when not giving thumb? Do believe you know the answer.
Daily SGE settlement volume for March setting monthly record.by a huge margin (441t with 3 days left); Could this be related to gold purchases for the iWatch?
First and foremost, I think that you are a great guy. You are also a person who is well informed with finance in general and the mining industry in particular. It is quite obvious that you are a keen observer of investment value (your investment in TC validates that). In my estimation, your posts are not pumping but a careful analysis of the obvious financial attributes of TC. As to why you receive thumbs down on your posts, you have to realize there are a number of pathetic and uninformed naysayers on this MB (who I shall not name) who will give a thumbs down on virtually any post. Keep up the good work.
Do is considering going to the annual meeting in Toronto. Wife and girlfriend say they want to go also. Do advise it will be boring for them. They tell Do "that ok".
Do discover why they want to come along. It pretty funny. They want to get a "selfie" with Mr Potato Head. LOL
The stock has had a 30% run ... they do not usually run straight up. Consolidation and a couple heavily down market days ... actually the price has held up well. Pro
I sure hope so Jack. Frustrating how if the price of copper falls a penny or two, TC drops significantly. However copper up 10-20 cents and TC stays flat or even loses close to 10 cents! I blame myself for this as anything I buy is immediately cursed. If I bought apple today it would be a $10 stock in a month.
True that, their last post on Twitter was regarding the release of their last conference call posted Feb 6th.
As of this point today, the price has been set by less than $125,000. Without volume it is very easy to push the price around, even by many on this board. And sabre, you are right, without volume the price is not tied to copper. (My rant today, my biggest beef with this company is that it is like a private club. They do not let anyone know what is going on and do not advertise for any new members. When was that last time TC promoted itself to the investing public? i.e. a news release, not a financial report. )
So much for the stock price being tied to copper. Apparently that's only true when copper is falling.
Theres a little more to the notice but there's the gist. Hopefully helpful. Again, go to the dot gov site for federalregister and look it all. Final Final decision, I guess, comes in a month or two. It's open for protest.
Any insights on this from Ultra, Dragon, Reggot....???
Alternative M3 – No Name Waste Rock Facility. A variation of Alternative M2
in which TCMC would develop a new waste rock storage facility in the No Name
drainage, with less waste rock placed into the two existing waste rock storage
facilities. Approximately 3,500 acres would be disturbed by time of closure.
The land exchange alternatives include:
Alternative L1 – No Action. The BLM would not amend the RMP and the land
exchange would not occur. Mining would occur according to the selected MMPO
alternative, as MMPO alternatives do not depend on the outcome of the land
Alternative L2 – Land Exchange Proposal submitted by TCMC. The BLM would
amend the RMP, TCMC would acquire up to approximately 5,100 acres of
BLM-administered land, and the US would acquire up to approximately 900 acres
of private land that would be administered by the BLM. Livestock grazing and
agricultural operations would continue on the Broken Wing Ranch.
Alternative L2-B – The same as Alternative L2 except the ranch would be
converted to native vegetation and livestock grazing would not occur at the ranch.
The BLM, Forest Service, and Idaho Department of Lands each administer its respective
portions of a single plan of operations for the mine. If the BLM approves the land
exchange, TCMC would obtain title to nearly all of the BLM-administered land involved
with the mine. A small amount of BLM-administered land with a few mine support
features (i.e., pipelines, power lines, access roads and a pump station) is not included in
the proposed land exchange, and thus, it would continue to be administered by the BLM.
TCMC could continue to use these features through a subsequent MMPO or by obtaining
grants for rights-of-ways and special use permits under FLPMA.
The Final EIS analyzes a set of MMPO alternatives and a set of independent land
disposal alternatives. As explained above, MMPO alternatives do not depend on the
outcome of the land disposal alternatives. TCMC would not operate the mine any
differently if the BLM-administered land in the land exchange proposal were owned by
TCMC or continued to be administered by the BLM. However, the nature of BLM’s
involvement and its relationship to the MMPO would change if any of the land disposal
alternatives were selected.
The MMPO alternatives include:
Alternative M1 – No Action. TCMC would complete mining and reclamation
under the current mining plan of operations (Phase 7), with molybdenum mining
ending in the short term. Approximately 2,800 acres would be disturbed.
Alternative M2 – MMPO as submitted by TCMC. TCMC would complete
mining and reclamation under the proposed MMPO (Phase 8), with molybdenum
mining ending in approximately 2025. The two existing waste rock storage
facilities would be enlarged. Approximately 3,300 acres would be disturbed by
time of closure.