But they have sold off half of future gold production for five hundred something dollars per ounce and are paying 9%-10% to borrow money when everyone else gets money for 3-4%. Why would they make deals like that? They are in a bad place, they know it. So do T-med buyers, Royal Gold and everyone else. The vultures are already circling, the bones are being picked clean. Don't believe management's story, they don't even believe it themselves!!!
I am not a short. I have traded TC a few times over the last few years. I have even made a little money on the stock. Recently, I bought 1000 shares around 4, sold out around 3.40. That time I lost a few dollars trying to catch the falling knife. Then I started watching carefully for another opportunity as the stock fell. The more I looked, the more I could see management were making desperate deals for financing. Forget statistics and math for a minute, numbers are easily manipulated. Why did TC sell all that gold for $500? Why did they issue those t-med bonds at 9-10%? Why do T-med buyers have the option of an equity position in future? TC is paying so much for credit because they are a bad credit risk, they know it, potential lenders who have studied the books also know it. Don't listen to what they say.................watch what they do....keep your hand on your wallet. Good Luck.
he is obvioulsy wrong bc the stock price is shooting up. TC mgmt has full control since more than a year. it is yahoo mistake that all TC charts are shown upsidedown and wrongly presenting a falling stock price. actually the stock price is raising.