Looking to get back in for the next ride
I want to quit my job too but it is not going to happen until TC trade in the teen. Have fun and stay connected, your occasional whining are ok with me.
Q1 is save by heged programs, let see if cu recover in time for q2 and out. Cash is needed badly for the crusher, 2017 notes or possibly bond repurchase.
The market see that TC can handle the 2017 notes but will have trouble with the 2018 and 2019. The situation will change when copper price improve or Moly back in play. The shorts are smart, they know that there are not much down side to TC at this level, many of them are shorting over price stock like shak.
moly production cut will be accelerated as price of moly stay low. I can see moly is back in play by 2016.
welcome to the board, I am jack aka tc pumper since dec14. currently underwater like most of the folks here. however, I still believe in this company turn around and I like all of the characters here, even the one that constantly give me thumb down. so buy some share and stick around for info and entertainment while waiting for the paint to dry or the grass to grow.
you sound like Dtime broken record, you focus too much on one tree and don't see the forest. look at TC mkt , cash, debt, pps, future potential and then make your judgement on risk vs reward. The royal deal is just one piece of the pie sacrificed to get mm build and that does not mean the rest of the TC pie are worthless because of it. Metal prices are anybody guesses, my guess are All three metal bottom out and will rise going forward.
and they are stocking up copper
TC is a very good value play at this level with a take over potential.
Restriction or not I don't see anymore bond buy back this year unless TC have a significant cash inflow from copper and gold. TC can not refinance in good term with current metal market and its sizable debt. The crusher will need to be pay in cash, and the the 2017 notes need to be pay in full, only then the refinance of the 2018 and 2919 will be reasonable. Current cash 266M, While the crusher need 75M and the 2017 notesneed 350M, TC need to come up with 159 M in the next two years plus some extra for stripping and cash cushion. Current cash projection for 2915 is only 40M and that is why we really need copper to head back above 3.
the down side is dead money for awhile but the up side is from 100% to 1000% or more. Copper rise back up to 3 TC will follow and that 100%. If Molly is back in play, TC will be around 9 or 14. Debt free and making money on all three metal, tc will be around 20 or more.
I think light was talking about the two moly mine that are on c&m and suspension. I also think moly is about to bottom out and will begin to rise back up next year instead of 5 years.