Seems like things are returning to how they were when Gold was going toward $1800. Except oil is weak. But all central banks are at Zero.
machines are not making a market.
except the price. The value of the downstream projects are greater than the market cap I hope.
ACI bonds are good buys for investors. But i don't think the company has much flexibility to buy back a significant portion. Maybe a few hundred million but not enough to make a huge difference.
I have no idea Alot of pansies in premarket afraid to buy
That is 36% upside easy. No debt comes due until 2018-2019
Why not sell 1 million contracts of the $3 puts. That would buy the shares back at a discount. Sounds good!!!!
I would hope that they could pick up a few shares at these prices. That is best use of some of the $500 million right now. They should just buy back themselves and a basket of a few other cheap ones. Maybe buy some JNUG triple etf.
I mean come on why nobody want to corner the market right now?
commodity funds too heavily involved in oil and now they have to sell all positions. Even gold which really isn't in play to the downside. GLD had below average volume today and has risen sharply from friday capitulation low.
Costs coming down. More gold found. Analyst raised target price just yesterday. He is an expert not me. Gold down 1% and IAG down 20% more from 3. Clearly this is a great opportunity. I loaded at 2.60. Only stocks that are great buys fall this fast. It will settle back in the 3's. That is huge money!!! return.
Clearly the stocks have declined too much considering gold stocks always have option value on future spikes in gold prices. So when they fall 30% clearly they are good buys.
60 cents pre rights offering is more than an optimistic price. That would be 45 cents post rights offering. (each of the 3 rights would be worth 5 cents each getting to the 60 cents). 45 cents with pro forma 800 million shares outstanding is $360 million market cap. And more than RSH traded for when it had $300 million equity versus the current negative equity.
You can slow play me all you want. But we know it will likely be 40 cents on the restructuring or Bankrupt in January. They will need even more cash than what as already been raised next year so more dillutions probably coming.
Hold and don't look at it. And if gold for some reason go back to 1500 this stock will be $10+
Look what it said the proceeds were after fees. I don't understand why this company would need even more cash to be issueing more shares at such low price. This is not a good sign. Anyone have anything good to say. I like TSL but this is disgusting and makes me think management does not see much value in the shares even at these low prices.
Can the guys who got the 100 million shares as fee and the guys with the 300 million shares via convertible.....can they not short to lock in gains.. Clearly at 90 cents its dumb because there are now 800 million shares proforma at this price because all the rights holders will e in the money and participate. so the market cap is nearly $800 milllion at this closing price.
How it closed above 60 cents I can not fathom. I started the day short a bunch of shares and ended the day short more than double that amount. Shorting above $.90 on this deal was the easiest trade over my career. I will not cover any until 60 cents or less. Congrats to the longs that were able to not get killed today. I don't know how you did it with 400% dilution but good job.