Dtime swing trade TC for years and are very good at it, ultra is hardcore longs, suffer now but may have the last laugh. Arnold??? short, long, swing trader or just want to hang out TC board to kill time?
mm is a copper mine with gold as a by product and any buyer will see it that way. A better financed company can easily turn tc to profit, so dont be surprise when you see a buy out at 2 or more one morning. Let not talk about a molly turn around and the roaster facility for now..
If things are nice and good at TC then the takeover price will be a lot higher than 2 and so is tc pps. TC is on sale now because of its problems and most people love a good sale. I saw tc went from 4s to 9s in matter of a few week. I saw TC went from 3s to under a buck in a few months. Thing could change quickly with TC. A good production number, a reasonable realize metal price, a better job at control expenses, a solid plan to handle debt loads, a Moly turn around, a buy out news can move TC pps quickly. IF I am wrong I may lost the most another 50% but I am right I will get 100% to 200% from here.
I am doubling down if it hit .70
this is ridiculously under value
I will get all my money back with some extra for milk.
I am just toying around before I go to my real job. TC was oversold in the Tmed dilution and today with the improve production number really help. If TC stay green with high volume for the rest of the week then buy out leak is very likely
Do you agree that a better finance entity can make TC profitable? Do you agree that if cu is back above 3 and au above 1300 TC pps may go back to 2? do you agree that if moly head back to above 12 TC will be a lot more valuable? It is all risk vs reward at one buck chuck. however, I have to say, the 52% poison pill theory, the BK talk, and all other downers you mention are valid arguments that is why TC is trading the way it did.
what pull TC under 1 are poor production number, realized cu sale price and cash burn( poor management). It would be nice if au and cu are up and up but that are beyond TC control.
and people actually follow D bank advise of buy high and sell low.... I still believe TC can turn around with increase production and cost cutting. However it is up to management to prove to the market that they can do it. Other things like buy out offer, rising metal price can quickly turn the tide too... but if metal price is not helping and management stay incompetent TC may go the way of MCP in 2017.
cu hit 2.38 for about 20 second TC probably sell all their cu in that window.