By the way, Ike has an implied value of a static $40m usd ($3m cad @ 6% shares). I doubt that deal with be "accretive" so to speak to the mm sale. Berg should be sold but doubt that'll fetch more than $20m usd.
Several miners have commented on the rampant short selling since early 2015 as being the primary cause of price weakness in copper markets, Glencore notably.
In Ivan I trust.
Glencore is pretty market savvy, so I'll tend to believe what they have to say on the matter. They are the smartest, most nimble major miner, and are no dummies.
If anyone in the miner industry knows what going on underneath the market's surface, it's these guys.
Interesting theory, Carl.
If they land in a major role somewhere, I may short that stock. I'm not saying that as a joke.
There's a good chance that's where this is headed if both MM and the moly business are sold. I would speculate that Berg and Ike go with MM, since they are copper development properties in Canada.
Something we haven't speculated about much is where Perron and other top mgmt goes. You have to think their 'next' jobs are part of any negotiation.
Do not underestimate the predictability of stupidity. The Potato will do what's good for the Potato.
Many gold miners are still above their 50 day moving averages (DVA) but the trend is somewhat down. These miners are NEM, ABX, AEM, AUY, IAG. GG is right at its 50 DMA. KGC broke through its 50 DMA on the downside. Could they be going lower? Just an observation.
While the volume in TC stock has been higher in the opening hours of today than previously, it still is not that great a spike. Look at the volume on the TSX 64K. TC is up today at $.02 but flat on the TSX. Probably in the next few days, volume may increase in anticipation of "news" at the annual meeting. I doubt there will be any meaningful "news". Knowing Mr. P, there will be no "news".
1) look TC... That's how you do it! YOU delist on your own terms. Yes I know Rgld is not being forced off, that's my point! YOU do it.
2) I hope TC gets no bright ideas about this news.
I do but the problem is it was owned by a guy that has been a moly miner his whole life back then.
Now its owned by a bunch of ##### that have no idea what moly is In my opinion!
Good job, Crackle. I hope you went full-commitment by also voting against the accounting firm like I did. =) Hopefully between us all, we'll be able to muster a million or more anti- votes. It wont pass but like you said... send a message!!!!
You are baffling to me. I dont say that to be mean though I am sure it comes across that way.
Your response to my point about having a pedophile (Jennings) as his Safe Schools Czar is to say that you left the Catholic religion because of pedophilia but... hey... that sickness doesnt count if you're a liberal criminal (Hillary).
I'm baffled. Truly baffled.
Dont give me antiTrump stupidity. Like I said. Both suck donkey dung. Trump is just a nanometer less bad.
Thanks Ultra. I found it and read several of the reports over different periods to recreate a little longer timeline on that short futures interest chart. I agree that it does show recent growth in shorting but overall it doesnt seem that big to drive the price of cu down THIS low. On the flip side, I did like that there seemed to be a little better price response rate on the covering. Thats hopeful. But overall.... I still dont think that it explains the 4 year trend. Anyway... hoping that covering / price recovery happens sooner rather than later!!!!
Hey Ultra, maybe they're selling half of it at a $1.8B valuation... payoff all their debt and still have half of the mine left. LOL.
I know it means nothing but I just did my proxy vote on-line and voted against all current BOD and against the executive compensation plan. Felt great. I have "only" 140K or so shares so I am a small fry. Would love to see all shareholders vote against the compensation at least to send a message.
Try googling Vatican---That's why I am an ex-Catholic. Jesus and 12 guys who left their wives to be with him. It is a pedophiles heaven on earth. Don't ever let your grandson go fishing with Father John.
Maybe Dumb and Dumber Metals Co. only sells half of MM.
Stranger things have happened.