Glad RBC came out as a voice of reason. TD must have an agenda, simple as that. Will see is SAC capital still has a large holding if they still exist.
At what point does the Perron need to respond to an analyst basically saying it's probable TC will go bankrupt? I think it's past time! Especially since we are now down approximately 25% or more since he was taken over the helm. What Pam at IR is saying to us must be a contradiction to what Perron is telling these sell side analyst. Perhaps he just needed to keep his mouth shut like he exercised with the shareholders!
Why you think Copper will see $4? What gives you that indication? This pos just might make it to .50. Seems like the new CEO is driving it to that point or Kevin had no idea what he was doing which I believe!
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!
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
When will this inflation hit? I don't see it for a long time. At least with this president who has a no growth agenda. Miners have sucked for years!
Beginning to wonder if the miners will ever recover. What a bear market. Things never stay down but they can for another 5 or so years! Hope not but sick of waiting.
"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.
I guess I'm ready to join (them) they seem to be winning consistently. When does (us) ever get to dictate the PPS? Go down 15% but a chance to go up 10% is a win?
I know and like many other things I just don't get it! But I can buy a worthless solar company and get rich.
Why in the #$%$ would they downgrade TC at $2.95? Makes no sense unless MM start up was going to be delayed or more cost overruns. I just don't know how to value companies at all if this one is overvalued.