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! :)
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!
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!
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
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.