No, I am still buying bonds, I have added bonds at 60 to 65% of par a few times since my purchase at 95% of par (which was a bit early I admit). I still expect to get full value from the 95% of par bonds.
I put in an order for $8,000 more face value 2019 bonds at a bid of 62.50
The order book now shows 8 at 62
Etrade is trying to keep the $0.50 difference by filling my order at 62 and selling them to me at 62.50. This is in addition to the $10 they will charge me for the bond order.
Examine how crazy this is.
$1,000,000 investment at 63% of par = $1,589,000 face value of bonds. At 12.5% these would pay you $198,000 a year.
By 2018, you will have made back $600,000 and still hold $1,589,000 in face value of bonds.
If TC bankruptcy really is off the table, this is how rich people become even richer.
If TC actually does already have financing locked down, the 2019 bonds are a steal right now at 63% of par! I mean a steal!
Best explanation I can come up with.
Doesn't seem right.
Light went to Whistler for the winter Olympics. It was very resorty but nice.
Do, why not continue trip up and visit MM. Snow won't hit for another month.
It is pretty easy to describe. They put deadly chemicals you could normally not take into a Trojan horse molecule which knocks on the cancer cell door and gets let in.
The first chemicals (EC145) did not fit as well in the horse and had poor weapons
The second chemicals (EC1456) have AK47 and seal training.
In animal studies, at dosing levels near where we are with EC1456, tumors started to be reduced to zero volume. Zero is good.
Wow, so they are planning 150,000 tons per day and we can't even do 60,000 tons per day for a similar cost mine?
Maybe our ore is harder :-)
Is that a misprint? 660 million pounds a year? Quite a bit of copper...any byproducts?
MM cost 2 billion and only produces about 100 million pounds a year...
Why always so negative? I said I wanted to buy bonds, not sell bonds. Copper is holding around 2.30 and gold at 1130. TC can easily meet interest payments at those levels with a little belt tightening here and there (maybe delay the heated swimming pool at MM a few quarters).
bid was 49 ask was 64, I tried to get someone to sell at 55. Didn't work yet.
I just checked on the HK deal out of curiosity. The 30% haircut to principal is true but they not only became secured, the interest rate increased from about 9% to 13%. WOW.
I think yes I would agree to a 30% haircut if my 2019 bond 12.5% interest rate were increased to 16% and it became secured.
TC is in much better condition than HK.
I do not think 2018 or 2019 bondholders would accept a 30% haircut without forcing common stock to zero first. I know I wouldn't.
2017 wouldn't allow the 2018 or 2019 to become secured before the 2017 is paid off, so the scenario couldn't play out for a year or two anyway.
If I can get the 2019 for 55% of par I will be pretty happy.
I don't think there is any bad news, just OTC market has no volume. I could bring this stock down 10% with just $50,000.
I have 18,000 and want 30,000 in bonds.
At least this proves the offer for 49 is a total joke.