It's just a perfect storm. The Fed, low Moly prices ,CU glut, gold falling, CU falling, Silver falling, the dollar exploding, stock market setting record highs, miners cap ex cost ski rocketing the past 3 years, dumb over extended PM ceo's with shareholder money, no consolidation yet, dictators nationalizing mines and worst of all TELSA, APPL, BABA...is all people care about. What the hell did I miss???? I'm sure there is more! , lol
What good news are they going to report Iraq? That MM will be able to pay the debt and interest off? With no Moly being mined going forward, gold and copper going lower where are earnings going to come from? The only way out is to sell the TC mine or partner and get back to stripping.
There is no panic with TC! It's being revalued based on the TC mine. You think this is going back to 3 based on your fundamentals? Don't count on it! The path of least resistance is $2.00.
I sold some today. Heck with these gaps being taken out of the PSS. Ultra, I assume you will be pumping the fundamentals when this thing hits a $1.00. You are going to be wrong about gold holding $1200 and you are more wrong than right about TC. Yes, you know mining but it seems to me you are way off about supply and the economics that drives this company!
That may be so. I finally find one miner lower than TC today and that is GPL. Like TC or not but it's been a dog with more fleas than the others the past month.
It seems everybody's cost basis is about what TC PPS is today. Well I'm a little higher than that and I know foggiecat is much higher. We must be the only bag holders on the whole dang board!
i've been rolling with it Ultra, but just down! It may be company specific. TC one of the worst performers today in the mining sector. Take a look!
it's just been a perfect storm against PM and the miners. Im waiting for the consolidation which is long overdue in this industry. may be the only thing that can turn around this sector.
May see it below 1200 this time next week. Down big tomorrow most likely with the Scottish vote. Gold could not catch a break if a psyco had it's finger on a nuclear bomb!
And mining stocks continue to sink. Will it ever end?? Dollar index continues to rise to the detriment of commodities. The Fed said we got another year for stocks. They will keep the pedal to the floor. For the near term you can expect more of the same. Gold will be 1180 soon. I said it would be belie 1200 this month. Still want that bet Ultra?
Conservative investors would never buy TC. That's a fact! TC is exactly what you stated"underperforming it 's peers in an underperforming sector". Just the type of investment us "winners" are experiencing now. As for getting bought out, I only hope so. I am so disappointed with Perron at this point! He is also an underperforming CEO to boot!
True, anything mining related is toxic. Been that way for a long time now and nothing is going to change soon. In fact with the $$$ rising it's only getting worse!
I'm afraid commodities are in a deflationary period. The dollar is exploding and it's not nearly finished! Wish I were wrong!
Commodities are in a deflationary mode. Just when things can't get worse they do. The dollar index is up for 9 straight weeks. Hopefully trends don't last a lifetime. But is the dollar /yen the trade of the decade? Some say we are in inning 2 of this dollar rolling. Where will commodities be next year if that's true?
That came from IR skippy. I just posted it as a prediction from me. Ultra saw right through it. Kudos to him. He's a smart cookie! And no I did not inquire about the EIS process.