I agree. Thats also why I cannot figure out why they did not take out a line of credit. At these rates it would have been cheaper than the cost of the secondary. Why the heck did they not do this? I hope I get a chance to ask on the next CC if they take more than 1 question.
Same to You Skippy! And I concur on other stocks. Gimme some names. Here's a few for you, ATRS, TTGT and SU.
And TC is not? Take a good look at TGB next earnings report. You will see higher grades,cost per ton around $9.60 and 2 new projects that should be permitted. I own more TC stock than TGB as stated earlier. Yes, TC has more cash but way more debt than TGB. As for foogie88 , he might reverse that ratio.
Why not TGB? I own both TC and TGB. More TC but I'm beginning to think I need to reverse that. TGB got a couple new projects on schedule and they are mining higher grades and less cost per ton and it's trending better! But TGB does not have what TC does or not as much deleveraging risk! Just as the article stated!
Every CEO says that. And it's one of the few things they can say and it be a FACT! Deerfield riding their short and will ride the rise when they cover! I guess they may want to get below the 10% threshold . All I know is that it's hair pulling painful for the retail investors! It all comes back to why management changed their direction and did a secondary instead of taking out a line of credit which should have been very attainable at a great rate!
how can you step and buy when management doesn't and every time you do you get your teeth kicked in?
well it's below .80 NOW. These metals will be no more valuable than dirt soon! Who the heck needs metals and cooper anyway?
honestly, might as well replace metals with dirt. Heck, dirt is worth about this much. Whole world is off it's rocker. Debt that will never be paid and the dollar keeps going higher!