with that much hard assets, TC will not go to 0 even it declared BK today. MM is cash flow positive, close to 300M in cash TC BK is very unlikely. The worse case is dead money for awhile but the upside are huge.
TC problems made it a bargain. Let assume company X bought TC and retired all the debt and build the crusher. Even at current metal price TC will net company X 100M a year. I will not be surprise if a takeover happen within the next 12 months nor should you.
I hope to sell TC in the teen and move in a mansion, however TC at 3 will give my trailer park a nice upgrade.
Everything I said are only opinions based on my trading experiences. TC is currently viewed as dead money because of low metal prices and high debts. Investors don't like dead money so they pull out for greener pasture.....tc shares are depressed hence presented as a good takeover candidate just like sprint of years past. You can said that TC is worthless base on your opinion I won't have any problem nor should you with my.
I simply stated an opinion based on my experienced with sprint . Sprint shares were being destroyed before the buy out. TC shares are being abused for the last three months despite its assets vs debt and turn around potentials. Big players or funds could see value in TC. If my opinion upset you then I am guilty but to accused me of spreading false info is totally unfair.
I just can not resist all these sale.
but they will be back as copper recover
TC is very sensitive to cu price after moly went into hibernation. Dead money for awhile unless we have a take over. I would prefer TC get back on it own with metal price recover.
I got back in TC for only about two and half months, so i am still in stage 1 (full of hope). I will be long gone before stage 4.