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Thompson Creek Metals Company Inc. Message Board

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  • retaoba retaoba Jun 15, 2012 1:36 PM Flag

    Are dollars on sale for 25 cents here?

    Regarding management, I believe too much negativity surronds their efforts. they have faced the same challages as all thier peers in the mining world, they have done worse than some management tams, better than others. I think they've got a handle on those issues now.

    Every mining company out there with a project has had the same unexpected issues to deal with, from BHP on down. Many mining companies have nmade far worse missteps than TC has. Not to say TC has done a great job, but let's be realistic about it.

    Also, many of these other companies are operating in shall we say, less than friendly environments. TC operates in the US and Canada, and the entire Canadian mining industry is about to get a nice solid boost from the all but sure passage of bill C-38. Yet TC is priced as if it's operating in lookoutwhatsnextsastan or something. Freindly, even supportive governments now, infrastructure, no terrorists (except for environmental ones) no civil wars or regime changes to worry about etc.

    TC puts out plenty of news on it's website and in it's annual reports. No, they don't do a good job of connecting with investors day to day, but I would rather they put their resources towards running the company profitably. There is planty of information out there if you look for it.

    Once TC gets on track, it's going to roll. Roll out profits, that is.

    There are only two reasons to pay 12.5% for financing in today's environment.
    1) You are desperate, you may go out of business, and the local loan shark is an even worse option than the bankers who are taking you to the cleaners.
    2) You need some cash now, but you want more than you really need in order to not have to go back to the well again for any foreseeable reason, and to get more than you need you have to pay a premium since you are not in a position of negotiating stregnth right now.
    However that doesn't bother you that much, since the cost in miniscule when compared to what your ultimate payoff is.

    I believe that TC falls under option #2, not 1. As always, due your own DD...
    GLTA

 
TC
2.80-0.07(-2.44%)Apr 17 4:04 PMEDT

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