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Teck Resources Limited Message Board

  • personalenzo personalenzo Feb 12, 2013 9:25 AM Flag

    Hope you didn't get fooled into selling TCK shares

    The announc0ement by the CEO about lower coal prices was designed to shake the tree of weak investors thereby adding to tck's buy back programe at cheaper prices in anticipation of a major recovery in the second half of the year.

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    • pers,
      agree with you.

      Sentiment: Hold

    • Positive news about zinc didn't hurt either. This stock should have never dropped after a good earnings report, look for it to recover back to $38 in a very short time and then go up in the second half of the year.

      • 2 Replies to w999surf
      • All three of you guys are too optimistic on TCK's forward prospects.

        TCK's financials and mine-development situation SCREAM OUT that there will not be any significant, material production growth in any of it core operating units until 2015, and that will be limited to a 15% increase in met coal production (when Quintette goes back into full-scale production).

        Thus, TCK's revenue (and earnings) will only move with moves in the price of the commodities it produces.

        At the same time, it's costs continue to climb, as do costs associated with two particular issues involving environmental claims associated with Lake Roosevelt in Washington State, and selenium remediation at it's Elk Valley coal mines.

        TCK won't see appreciable growth in production and revenue until they start building out Quebrada Blanco hypogene and/or Relincho, and start producing bitumen from their oil sands developments.

        That's 2017 at the earliest.

      • Hold on, and add a few more shares.
        reinvest the divi.

        Sentiment: Hold

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