190m instead of 150m due to moly inventory and other saving. This is in the q&a part of the transcript.
Many here think that I am a pumper but the true is I am a believer. I bought TC shares as I stated to average down and to trade. I just don't see cu go below 2.50 and stay there long enough for TC to file BK. TC currently have 266M and expected to added 40M for 2015, hence TC only need to come up with another 45M to retire the 2017 notes in part or all of it if they can secure a line of credit. After the 2017 notes are gone, the interest saving will be added to TC bottom line, and many financial restriction will be gone, make it easier for TC to deal with the remaining debt. The odd that TC go to .50(bk) are so small and TC go back above 2 are so great cause me to throw in the kitchen sink today and maybe the toilet tomorrow.
my bad, baba come from an island.
those that can find shares to short this hype will be greatly rewarded
ssri will be back on its track
this is great for traders or new value investors.... Under water Longs average down if you can or start a trading position while waiting for another 3-5 years for the turn around.
I don't want to sound like a broken record but let me tell you a story. The oracle of Omaha himself, pony up 6B for BAC at 6.50 then the stock drop to below 5, some said that he was senile...but he was not. The market can be irrational with fears factors but TC true value will show up at the end just like BAC of years past. Moly will not stay that low forever, and I believe gold and copper will see better day. TC will not go bk anytime soon with that much cash at hand and being cash flow positive but it trade like so.
i am beyond the kitchen sink now
precisely gatr55, unloved and knocked down stock like TC and SSRI are candidates for multi baggers in a few years. TC and SSRI are my sprint and BAC reincarnation.
you nailed it in the head 007, that is why I bet heavy in TC and ssri at these level. The market seem to pick on a sector and treated it like a step child. I saw the market done this to the banking sector 3-4 years ago and now the mining sector. I recalled bac went from 50 to under 5 with all sort of bk talk. TC and ssri have their weakness but at current valuation I saw good value plays just like those banking stocks of year past.
You made me laugh with your posts and I really needed, so thanks. The true is i still in accumulation mode for my swing trade, some in TC but mostly in Ssri of late. My long position of course is under water but those are in my retirement account for eternity. My trading acccounts are active looking for nickel and dime to keep my juice flowing.