The board of directors has fired CEO Kevin Loughrey?
I am hearing from people who work at the actual Thompson Creek mine that there may have been something happen internally today, and maybe some named Kevin Loughrey got fired. If that's true then this is going to be really bad... because it means he was fired for something to do with these earnings. That would explain why the earnings were delayed last minute and now nothing tonight. I see no good news now for these stocks. There's also 50,000 put options open in December against TC, and 26 million shorts. Highly concerned right now. The severance buyout thing is now starting to smell like THEFT and I wonder if the Board of Directors caught on and fired Kevin, and that's why everything has gone to hell now?
not trying to beat a dead horse, but I told you guys last night... my sources in Colorado were correct, for them most part. Except it's him retiring instead of being fired. I told you he was leaving though....
well fired / retired. isnt it the same? plus the info 2 days before quaterly release? would have created a bigger mess when they offically fired him. to avoid this they "let him retire"...so fired / retired is the same for me.
You know for every stupid rumor you float, there is another scenario....what if they caught him or a group of them stealing gold!! Then they returned the $50 million in stolen bullion to the company coffers and they have been talking to the regulators and accountants to see how to account for this in the earnings release and by doing so are going to BLOW out the numbers estimated and rock and roll to 10 bucks a share.....see how stupid that sounds? just as stupid as your rumors.
The December open put option position is actually even greater: over 77,000 contracts. A very crowded bet that has a short fuse. Additionally the open March put position at the two dollar strike jumped today from 240 contracts to 1,600, the highest volume TC option contract traded today. Not encouringing indeed.