I am not sure how it is going to work out because the Chinese have their own rules.
q1 is ok because of the hedging program, if cu begin to turn for q2 and out TC will have a home run.
I think TC try to show that debt reduction is its priority. It would have work wonder if copper price stay around 3. TC copper hedged will help q1, and if copper rise begin q2 TC may generate enough cash in 2015 to pay off the 2017 note early.
I will not be surprise to quake up one morning and see tc jump 300% on an buy out offer news.
more entertainment needed. Arnold has been a good sport for being a punching bag, ultra is mortify about copper surplus, dadafus has lost faith on TC future, dtime is back looking for pennies, Do is killing time by poking Arnold, gartr55 and foggicat are frustrated, the rest are trying to make some senses of it all. And for me, I will keep my day job and hang around my trailer park for a few more year or until TC is trading in the teen. Have good day everyone.
Don't be upset, there are day traders, wave traders and weird traders in any stock. If you are long and believe in your investment then stay strong.
I feel better already, a buy rating from you for any reason is a positive for TC. This should be posted on every front page news.
It is going to be a long agony wait unless copper turn.
copper will rise after the Chinese new year according to some analysts. IF that is true, q2,q3,q4 will be save too. I am taken out a second loan on my trailer.
Love your writing as always! But a few fact to consider
1) TC have real hard assets that generate positive cash. It is not some web site with a few servers.
2) the former ceo have the foresight to diversify TC but with poor execution result in large high interest debt. However his decision gave TC a fighting chance.
3) copper is low because of the perceive surplus, eventually high cost producer will be force to shut down then copper will rise.
a takeover offer must be on the horizon