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.
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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.)