These bloggers on MF are being paid by special interest to publish their position. Most investors have figured this out, now if only Yahoo Finance would get it and kick them off their site, the world would be a better place. And Seeking Alpha is not much better!
It's amazing how much they have waffled on this stock and manipulated it as well. The only thing I would use their newsletter for is to wipe my bleep
VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 27, 2014) - Teck Resources Limited (TSX: TCK.A, TCK.B, NYSE: TCK) ("Teck") has been informed that the Toronto Stock Exchange ("TSX") has accepted Teck's notice of intention to make a normal course issuer bid to purchase its Class B subordinate voting shares. Under the normal course issuer bid, Teck may purchase up to 20 million Class B subordinate voting shares during the period starting July 2, 2014 and ending on July 1, 2015, representing approximately 3.53% of the outstanding Class B subordinate voting shares, or 4.39% of the public float, as of June 19, 2014. 566,765,932 Class B subordinate voting shares were issued and outstanding as of June 19, 2014.
Teck will make any purchases through the facilities of the TSX, the New York Stock Exchange or any other exchanges or alternative trading systems in both Canada and the United States, if eligible, or by such other means as may be permitted under the TSX's regulations, including private agreements under an issuer bid exemption order or block purchases in accordance with the applicable regulations. Purchases made by way of private agreements under an issuer bid exemption order issued by a securities regulatory authority will be at a discount to the prevailing market price as provided in any applicable exemption order.
The average daily trading volume calculated in accordance with the policies of the TSX for the Class B subordinate voting shares during the six-month period ended May 31, 2014 was 1,798,297. As a result, under the TSX's rules, Teck may purchase a maximum of 449,574 Class B subordinate voting shares (being 25% of the average daily trading volume) on any one day, except pursuant to permitted exceptions. The actual number of Class B subordinate voting shares to be purchased and the timing of any such purchases will be determined by Teck from time to time as market conditions w
TCK is facing a lot of headwind.
Good stock for long term hold but not sure if high dividend rate can be sustained...
This is really well funded with a major Toronto financier standing behind it. The company has the Sleeper project in Nevada and San Miguel in Mexico. Between them, that’s around 6.9 Moz gold and 160 Moz silver.
The company did a PEA on San Miguel: $707M net present value based on $1,500/ounce ($1,500/oz) gold. More recently, Paramount did a PEA on Sleeper: $695M based on $1,300/oz gold. There’s a lot of exploration potential at both. At last look, shares were $1.08. When gold moves higher, Paramount could be a takeover target because it has the ounces to attract a major mining company. pzg will be in the money soon next report do out in july
Quadruple Witching 2-Day. Some BIG $h0rT (Morgan Stanley?? -- "Gold to move to $1,000. We will never see $1,300 Again!!") got handed his #$%$ 1st Time in a L0NG Time.
A BIG Physical Demand to settle Expiring Contracts right here would pitch over the Card Table & reveal the 3-Card Monty Game for what it was.
Copper is in Compression..........Lower Highs............Higher Lows................
Recipe for a Break-Out.
They pay a little divvy for you to ride the storm out, I'm waiting for Basic Stock Complex to correct, & will look @ $19 range!