To see what the future holds for TGB, look at the options. If lucky you may get 5 cents when selling a Nov $1 call. Or you can sell a Nov $1 put for 45-50 cents. The options say this stock has very little upside in the next 6 months. Spending and the lack of positive cash flow is a major problem that everyone seems to ignore, especially cu19..
Sellers still outnumber buyers. Hopefully this will change soon.
This all sounds great, but please tell everyone where the 800m in debt due in the next 2 years is coming from. An intelligent answer(which I know you don't have) would relieve a lot of concerns for TGB surviving the next 2 years.
I remember reading that the CEO said they expected to recover 38m of the 51m that they loss to a BK company. If they just break even for the year but recover the 38m, this would mean about a positive 60 cents in earnings and 38m added to book value. Are my figures wrong or does just no believe they will recover the 38m?
Well said, golfjt. You can add a profitable quarter to what shares holders want to your list. Copper19 never seems to address these little seemingly unimportant issues.
It will take years for that to happen and they can't pay their current debt much less finance startup cost of Florence. Where is the 800m + coming from when loses for next 2 years are estimated @ almost 70m. They will have to sell Florence or some other asset to pay down current debt and avoid BK.
More supply only means lower cu prices, nothing more. Copper19, why do you think Florence is going to create positive earnings?
Did anyone notice that the analyst increased their projected p/s lose for 2017 from .07 to .10. Spending millions on developing another mine and creating additional supply for an already over supplied market is not the answer to save tgb. Cutting expenses to be in line with revenues (acctg 101) is the only answer.
I think you might need some professional help to ease the anxiety the last few months that Russ and his merry band of thieves have caused and will continue to cause. I actually considered selling yesterday before earnings, but I am down 75% so what's another 2K.
What is RR going to do now? After todays reporting of an 8 cent loss they are probably going to sell their stock, like most institutions and mutual funds have already done, and maybe buy more bonds. How can anyone be optimistic about TGB with CU around $2.15 and such a low grade of CU being mined and the current debt level which management likes to ignore. Copperminer, even if TGB had capable management they could not make money in this environment
If NG goes to $3 by year-end and XCO could post a positive 3rd or 4th quarter, anything is possible. $5 is asking a lot with a negative book of what $3.
Cutting expenses to be in line with revenues would be a better plan then hoping CU goes up. They could start with payments to management, BOD and HDI.
I couldn't think of an appropriate word, but ignoramus is great. There is no reason for either side to keep their stock now, so getting to a buck is going to take a long time. If they lose a total of 29 cents in 16 & 17 as forecasted, a real long time. Have to wait and see, but I think this quarter will be worst then forecast. Where is copper to tell how great thing are going to be now?
TGB shareholders(owners) needs something to cheer us up today, maybe you can explain what you find as so funny? The SP will go back to .30 now, and that's not very funny. Your either not a shareholder or just a total jerk. Which is it?
It's for sure they care nothing about shareholders, but does anyone think management and the Board are competent enough to turn things around. Is anyone going to average down?
Thanks! I hope you are right. I bought this stock over 5 years ago before they changed the name. 2k @ .28. Sure would be great to get some of my money back. The concept still sounds great.