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Thompson Creek Metals Company Inc. Message Board

  • ultraific2 ultraific2 Mar 7, 2013 1:40 AM Flag

    Today's 8-K disclosure has some interesting ramifications....

    Very interesting.
    Their scared about their realizing all their promised clams because they know they are vulnerable.
    Wonder it this was rushed out after picking up something within the whisper circuit at PDAC?
    Wonder what TC is worth to a well-heeled major?
    Time may tell, then again, maybe not

    Sentiment: Strong Buy

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    • I agree totally. I bought back in this afternoon because of the combination of today's announcement, the huge non-cash balance sheet write down announced in the most recent quarterly release, and the expectation of $1 eps next year. The first two actions are indicative of the possibility of a buyout, and the third point is an indication of why a buyout could occur. The large write down in particular cleans up the books, so that an acquirer would not have to take that charge, and today's announcement helps ensure that mgmt would get a chunk of money if a buyout did occur. After the write down, TC is more vulnerable to a buyout, imo.

    • A couple more things that make me think this would be a perfect time for a takeover. No news on the search for Kevin's replacement. No obvious internal successor. The officers and directors recently got their annual share of stock distributions. Only selling going on is to cover their costs/taxes. I heard that one of Royal Gold's competitors just bought a mining company for the first time-I wonder if that will be the start of consolidation and vertical integration in the industry. Economies of scale,etc. IMHO

      Sentiment: Buy

    • I agree. They know something will be coming eventually, as do we all, and wanted to put it in writing so there isn't any ambiguity. Combine this plus the retirement of the CEO, doesn't take alot of imagination to see future events for TC.

    • They should have just labeled it "Terms and Conditions of our Golden Parachutes". What an absolute steal for a takeover. At the current market cap, you could potentially reclaim your investment in one year....and then repeat that for the next 30-40years. It's a shame that $6/share would be considered a "premium" over target price. My options would do well, but I wanted to hold onto the common stock for a few years. Like you said...time will tell.

      Sentiment: Strong Buy

    • I wondered the same thing- why were they worried about they would be getting upon a takeover. Not a poison pill, so that is not an obstacle to a takeover. It is good to know they have had a stable management team for a while now. People seem to want to stick around.

      Sentiment: Buy

      • 1 Reply to miserablecur
      • I would be pleased if TCK offered $9 a share tomorrow, since I also own TCK and it would help firm up their copper division with a local deal, as well as providing them another operating segment (moly). Granted TC is small, it would be quite digestible for TCK.

        The only reason they might not touch it is the TC/Sojitz connection. Sojitz is part of the the Dai-Ichi Kangyo keiretsu, whereas TCK's back room master is Sumitomo Metals (owner of 45% of the super voting CLass A shares of TCK, and it has board representation), and is one of the industrial linchpins of the Sumitomo keiretsu. Keiretsu usually don't like to share the same room, let alone cross swords. All part of Japan's new "Greater Worldwide Co-Propserity Sphere of Influence". Who needs Pearl Harbor's when you can write'em a check.....right?

        But I would still take $9 tomorrow in a heartbeat.

        Next year, I will want more.

        Good luck.

        Sentiment: Strong Buy

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