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Thompson Creek Metals Company Inc. Message Board

brianchesnutt 7 posts  |  Last Activity: Dec 30, 2015 5:46 PM Member since: Feb 1, 2010
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  • brianchesnutt brianchesnutt Dec 30, 2015 5:46 PM Flag

    I hit thumbs down on what you just posted for suggesting that it should be "flushed out" :)
    #irregardless #nuculer

  • Reply to

    Ultra's Price Target

    by brianchesnutt Dec 30, 2015 11:51 AM
    brianchesnutt brianchesnutt Dec 30, 2015 5:43 PM Flag

    Gatr I'm fine :)..... I didn't have quite 18k worth of options...In fact, with the 18k shares I just bought, my average cost for TC (including everything I lost on the options) is under $1.00 per share, which is not the end of the world

    Yeah the options were a calculated risk that didn't pay off.. No biggie :)

    Hey though..... 2 weeks left, you never know :). Anyway, I'm up $53.00 on the day. A waterfall begins with a single drop! :)

    Good luck and happy new year sir. God Bless!

  • brianchesnutt by brianchesnutt Dec 30, 2015 11:51 AM Flag

    Some people were hassling him for a number/share price target.

    Well, We know that 2018 bonds are selling for 13% of par and that those pay pretty good interest. That means they will increase in value about 8 times between now and maturity (in a best-case scenario). If shares increase 8 times, that is $1.60, not including interest.

    I haven't done the math on it with the interest payments, but including those.... Someone (i.e. Ultra) favoring shares instead of bonds would have to believe that the shares will be worth significantly more than $2.00 on bond expiration in 2018 (probably at least $3.00) in order to make that a purchase of shares more attractive than a purchase of bonds.

    I just bought 18,000 shares at $0.20. as my last shot with TC since my January options appear to be expiring worthless at this point. Wish me luck!

  • Reply to

    Brianchesnutt

    by shelly_showman Dec 7, 2015 12:19 PM
    brianchesnutt brianchesnutt Dec 8, 2015 8:38 AM Flag

    ok ok you got me. How about compassion international. Help feed a kid in a poor country. Problem is, they'll end up sending more $$ worth of mail than what you send them... so maybe do it anonymously somehow?

    I think the bet was actually through December... but we know it's not going under $2 either way... It's a tough win because I shifted some money around just when things were going better. Ah well, glad to have a day job. God Bless all!

  • brianchesnutt by brianchesnutt Nov 21, 2015 1:48 AM Flag

    Wouldn't it make sense for RGLD to drop the covenants with the provision that TC use the case to rebuy distressed debt? Over the long run it makes sense for both. Stream $200 M lets say, and then raise the Secured Cap to $500M adding in terms that this can be increased as long as the money is spent on certain things ( crusher, buyback, etc.)

    Any reason why this couldn't happen? It would be mutually beneficial. I

  • brianchesnutt brianchesnutt Nov 20, 2015 1:14 AM Flag

    if there was ever a time for TC to buy back bonds, this is it.... but clearly, given the current prices, there isn't a whole lot of demand, so I guess they're not. Bad time for copper to hit lows of the decade. Oh well.

  • Reply to

    Where's the bottom for copper

    by carlrich Nov 18, 2015 11:14 AM
    brianchesnutt brianchesnutt Nov 19, 2015 11:17 AM Flag

    agreed. No producers will be hedging below the cost of production. what's the point? momentum should shift soon.