my reply from IR today:
Thank you for your email and for being a shareholder of Thompson Creek Metals Company.
Over the past several weeks, we have been meeting with sell-side analysts and institutional holders to introduce our new CEO, review our Q3 financial results and provide an update on the Mt. Milligan ramp-up. Our message has been positive and consistent with everyone whom we've met. It is also consistent with what was stated on our conference call:
1. The Mt. Milligan ramp-up continues to go well.
2. We believe we will have sufficient cash to get us through the ramp-up period.
3. We do not believe we have liquidity issues.
4. None of our outstanding notes mature until 2017 at the earliest, which gives us several years of what we expect to be strong performance at Mt. Milligan to generate significant cash.
5. Once Mt. Milligan is fully operational and generating cash, we will review our debt structure and consider options available to us at that time to possibly refinance, repurchase, etc. our debt.
6. We’ve begun shipping concentrate from MTM, and expect our next shipment in January 2014.
7. We expect to reach commercial production on Q1 2014.
We met with TD Securities and communicated the message above. Unfortuntely, the analysts run their own models, make their own assumptions, and write what they see fit, even after they meet with us. We cannot control what they write.
Please do not hesitate to contact me should you have additional questions or concerns. I am traveling, but will be back in the office on Friday.
Director, Investor Relations
303 762 3526
I have been in the health insurance business for 24 years and it's a disaster beyond anything this country has ever seen and I'm not being even mello dramatic!
While you're at it ask him if he's been able to tap into that new healthcare.gov for his health insurance? That thing will have to be rebuilt. But Obummer didn't care, it's all about his good ideas that matter.
Been shaking these off but beginning to wonder if I've made a huge mistake. Today's SA article kinda takes the cake however. Would they have really built a new mine and be doomed from the start b/c of it's location? I mean really, is this actually a concern??? Good Grief!
The piece was subpar at best. No wonder I see no opportunity to reply. Can't believe what these guys write that basically say's nothing. The last few SA pieces have been easily dismantled by some on this board that even a novice like myself can see!
I agree, I thought the article was lame even by SA standards. Good to see Copper trending in the right direction. If that continues all will be okay!
The CEO should not respond to every negative report by an analyst. But this is not ordinary. I have no doubt we are heading below a $1.00 if he does not say something. As far as scrambling every time is hardly the case. He has yet to say one d@mn word.
how can one party have such a negative few w/o an agenda or better facts. IR does respond to my inquiries every time. A plus for that!
Stand firm repubs, you can't negotiate withObama unless he gets everything he wants. They've been burned to many times by that socialist.
Check out the history of VPHM before selling for a cheap pop. ATRS will see $12 plus in a decent market within 6 months on approval. Therec will be no pullback!
gtstock now wants Obummer to have full control of the Senate and House to further the rot he has caused. Do you remember this"if you like your health insurance you can keep it" YEAH RIGHT!
"With regard to Mt. Milligan we are encouraged by the size and capacity of crushing and grinding circuit. And note that the pebble crusher is already part of that circuit. Thompson Creek continues to guide for commercial production by yearend.
They're cash flow will be derived from the gold deliveries made by MM. They will immediately sell all the gold shipments from MM into the gold market, which will create the cash flow for RGLD and their shareholders.
This also from RGLD " Each project commissioning has its unique problems, but so far we are not aware of any particular challenges at Mt. Milligan. No doubt there, some will pop-up, there always are. Many new projects around the world have suffered problems in the crushing and grinding portions of the circuit, and modifications to those areas can be costly."
" This is an impressive site and we are encouraged by the ramp up progress made to date."
Sometimes it's good to hear from a vested voice with skin in the project and knows all the details about MM.
Hard to call a bottom but will wait a few weeks to add again. Just can't see it going much lower than $3.50 with Otruxup approval being in the rear view mirror. Now it's all about executing the launch!
Well why not come out and address all these doomsday scenarios? Perron should have a handle on the finances or at least the underlying financials going forward. It's not like he's a d@mn lawyer like the last guy. He is a Mining Man for God's sake!