Is anyone considering selling g just before the vote? If it goes though you would lose 3-5% but you could buy CG and if the vote failed it should go back up the 10% it lost for dilution announcement and another 8% for the TC purchase announcement. (In theory) and I imagine TCPTF would drop a fair amount. My thought is, if nobody comes in and makes another offer by the end of August, this is the best deal we can get and I wouldn't want to hold TC stock if the vote failed. I'm ok with losing 5% and buying it back if the deal goes through. But I'm not selling for 30+ days in hopes another buyer comes in.
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It started in Internet explorer and now google chrome is doing the same thing. Anyone else experiencing this? I'm having to use my phone to get to this board. I googled the yahoo redirect and many people appear to be having the same issue, what happens is the "mb" gets changed to "quote" automatically and changing it back just redirects you to the new yahoo pages w no message board.
If the purchase price of TC is too low you can be pretty sure that someone else will come along and outbid them. That is if they don't mind paying 3% fee and making a deal or buying out RG's streaming deal. Maybe those are big ifs and maybe not everyone wants a moly mine if they aren't already in the business, but seeing that RG is willing to deal makes it more attractive in my opinion. If metal prices continue to rise then so does the likelyhood of another offer. if one does come then CG would have to beat it by a fair amount(not sure of the rules on this but in my experience around 10%. So CG might be able to preemptively block another offer by raising their price 1st. If they don't and someone else bids it could cost them 20%. Minus the 3% they get for TC accepting the other deal.
It would make sense that at 1.1 B CAD but all the articles say US dollars. 1.1B CAD equals 850 Million US. If metal prices climb any higher I think that it's a 50 50 chance Someone bids higher.
Everyone else has left this board.
If you do that and another buyer comes along then you will miss out. Even an offer of 1.2 Bln would change the pps by a very large amount. If gold keeps rising and copper does as well. Another offer may come as the assets gain value.
Anyone know if another company can come in and make another offer? If metal prices keep rising a no vote also increases. Wouldn't that possibly bring other bidders or make them sweeten the deal? I have owned other stocks that got bought out and sold the next day only to see another higher bid a few weeks later.
the Toronto market was closed on Friday and US market closed today, so it was up about the same amount that TCPTF went up on the OTC on Friday. Convert TC's closing price in Toronto today to USD and then you will get the correct value for TCPTF on Tuesday. .47 cents. Of course it could open higher or lower based on news and metals prices.
I use Schwab and on Friday my account showed no gain so I called them and they told me that even though the stock symbol is TCPTF and its in USD my account balance goes off of the Toronto stock exchange price. I always noticed it was off a bit but wasn't aware. Anyone else seeing this on their accounts?
Woohoo! Copper had a very nice swing from opening down to up almost 2% I just hope TC didn't lock in a price for MM yet. It's value has gone up about 10% since the sale was announced. I bet the buyer is eager to lock a price in. ( I know TC mines very little silver but it's nice to see some action in other precious metals.)
Was the permit a 6 year ongoing process? I'm pretty sure Ultra has called the BLM on numerous occasions to get info on the status. I wonder if that is what he was referring to. Wonder how much it will move the stock.
Or are we looking at a few weeks or months until we know what's going on?
Economy looks good in Indianapolis. Plenty of jobs, houses selling briskly. New housing poping up where farms used to be.
Hopefully for the rest of us you're making a very poor decision. I'm surprised you're not going to wait to see what their debt reduction plan is. Even in a worst case scenario they are close to a year away from bankruptcy. Metal prices could (and likely will in my opinion) change dramatically in that time. Gold is rising steadily (it has violated the 3-4 year downtrend for months), they could sell the gold stream and/or sell Thompson Creek and Endako since Moly has been rising as well. I wouldn't make major investment decisions because your taking a vacation, but hey, don't listen to me. You're doing much better than me on this particular investment, but it annoys me that you keep saying that the common shares will get wiped out. I know you're not a troll and you really believe what you say, but a lot of people on this board have substantial amounts of money in the common shares and you repeatedly saying that we are going to lose everything makes me want to put you on ignore. You are jumping to conclusions without all of the information (that none of us have yet). Best of luck to you and enjoy your vacation.
LOL, kind of puts it into perspective. Something seems to be going on though, TC is rising a lot in the past 3 days w/ some of it due to metal pricing, but I have a hunch that something else is going on. (something good)
On another note, anyone checking out Silver prices? in the past 30 days silver has rallied 14% vs 2% for gold. Its the 1st time in a long time that silver has outperformed gold. When gold had the huge rallies in the past Silver would normaly outperform by quite a bit. Maybe some speculators are coming back? Silver is way oversold compared to gold on a 5 year chart, it has a long way to go to catch up to gold.
Physical gold and silver sales on Ebay has increased dramatically. Haven't seen volume like this in several years. Go on Ebay and type in "Roll of silver eagles" or "100 oz silver bar" then you can see how many each seller has recently sold. On Fast Money tonight, the guy from Options Monster said "Buy silver, 70% of silver is a by-product of copper mining so as they shut down more copper mines silver will start to rise". I guess he foresees a lot of reduced production from copper miners. not sure if his statement is accurate though.
Its also up 67% since the December 12th low. The stories i read online say its because of "China Stimulus hopes" and that they expect an increase in the amount of steel that china will need. Of course all of the articles say Goldman Sacs disagrees with this assessment and is keeping their price target the same. lol Moly Prices haven't moved much yet on this news, but as far as i understand it Moly prices on Kitco aren't very dynamic.