If you google for the general theme of junior miner takeovers, you'll see that there is plenty of activity in that respect. TC getting bought out is the best option....!!!
Agree 12. Perron self proclaimed himself as a defacto sandbagger but is obvious that he's closer to a "random number generator".
That's if we just gave it away. Actually selling it is better. My point is simply that selling it for zero is still a viable "price" for Tc.
Skip, to be fair, simply giving alway the gate keys saves $20m/yr. per year! Remember, Perron said emphatically many times that he expects C&M to last about 5 yrs. giving the keys to someone is equiv to selling it for $120m. Not chump chg.
12, why would they go out of their way like that to do that? Paint a worse price picture than actual when there's no gain in that. I don't buy it. Also, person is not a sandbagger. Raises then lowers guidance all the time. I think he might think guidance is suppose to be a yoyo.
Do not Chinese? NOOOOOO. Say it aint so....!!! Oh the humanity. We're shocked. Floored. Bewildered. Never saw that comming.
Said no one on this mb ever. LOL.
Doesnt matter. One of the consistently funnier posters on any board.
The market is placing an enterprise value of $975m on tc. what value do you think an acquirer will place on the actual and real option value of the company?
To me, the most disappointing is mgmt guiding production down less than ~3 months from initiating that guidance. Again, I just dont see a path to where they remain a stand-alone company through 2016 or 2017. Analysts are overtly asking them. Where there's smoke, there's fire.
Meaning, there has to be M&A-ers pitching ideas to the better capitalized miners of great pickups ... like TC. Listen to the last question at the end of the CC. It's getting overtly noticed.
I'd like to sell but I know that it would only be a huge nasty bath followed by waking up to a press release saying that XYZ is acquiring them at $4 or something.
i changed from private because yahoo won't let me post with name for some reason. A tech issue or something. I don't get the fascination with with folks yapping about multi names.
12, the refi rates is far less important than pushing out the dates at this point. This is clear from the YTM spreads from the 2017 and 2018/19 bonds where it more than doubles. DOUBLES in %.
If (yes... IF) they can refi into say $150 (2019), $150 (2021), $200 (2023), 250 (2025) they should be just fine. It doesnt equal the full debt currently owed because they would pay that down with cash on hand/etc.
Arnold, talk of bk related to TC is ludicrous. They have a bond call problem (with 17, 18, 19 bonds) but that's not a bk issue. This stock is increasingly becoming a takeover target with every quarter. If cu/au prices look to recover, that'll make it that much bigger of a target (take it over before higher metal prices get reflected in the stock). I would not be surprised to see a takeover bid before 12/31/2015.