Overall the report seem good, the down sides were q4 gold production and the need for a secondary crusher to get. mm to 100 %. However, If TC can keep building cash and chip away debt, we will be ok.
That is why I say TC at this price is a gift, a chance of a life time, the ultimate value stock, a possible ten bag gets......ultra can fill in the rest.
copper quick drop cause so much fear that trigger an overreaction. Forget assets 3 time debt, forget 300mil cash, forget that mm is cash flow positive even with copper at 2.50, forget that gold and moly is up, forget unsold moly inventory, forget that the first note is not due until 2017. I just read an article with the title, the biggest gain often come from the most hated stock by analysts. At 1.20 pps, I think tc is among the most hated stock right now.
Base on the red thumbs I got, I must be wrong on this one. please accept my apology and my best wishes for 2015.
At the least give it a few more quarters
I feel your pain man...but I will hold out until jan to see what happen, for the past 2 years tc went down in December and back up in January.
2014 is a great year for stocks and hznp is the top dog. I have to admitted I took profit too soon however it have been a fun ride. Mery Christmas and happy new year to all.
I have no illusion that tc is a high risk stock and that is why it is trading at 1.69. However, I think risk vs reward are good when tc pps under 2, and extremely good when tc pps under 1.60. When tc break 1.40 I believe it is a Christmas gift, so I called everybody I know and tell them to buy as much tc as possible. I will have so much love at the family Christmas diner this year.
I am certain that TC will be back in 3 dollars range by DEC. I had bought 40k shares since last week and feel good about it. Good earning, more cash build up, decent gold, copper, moly price can push this baby over 4 in heart beat. Get on board now and thanks me later. A profitable company with future grow trade at a third of book value is a no brainer for me.
TC pumpers are right too, TC can be a cash cow if gold, molly and copper price headed back up. Personally I think the risk of being wipe out is low and the potential to double my money is great. I have been with TC on and off for almost three years, TC will always bounce back above 3 whenever it down to 2s. The worst case TC go down to 1.50 and the best case is TC go up to 15. In the past I swing trade TC because of MM uncertainty. This time I will go long with a small position of 50k shares average 1.88. May we all making money and be happy with our position.