I sold calls...should I move to Canada?
I was going to buy but instead I bought 200 shares of Apple and sold two Jan 2015 $540 Apple calls. So that ties up about $90,000 for awhile.
I should point out though that with a 0.5 PE it would take almost 6 whole months for the earnings to equal the price you paid for the stock. A wise investor might want to wait for something like a 0.25 PE or even 0.1 such that they do not have such a long wait to realize a return on their investment.
Operations may be less than 280 mil. There is debt repayment of course but the revenue is about right. You did forget about silver, which is probably another $2,000,000 a year.
If we use the price target of $0.50 by Canacc and your $1 per share, we get a PE of 0.5
0.5 PE is fairly low, probably a good buy.
I too am trying to figure out the bottom. They keep bumping it down 2 or 3 cents each day but for how long? It is worth $3 just on speculation of metal prices but there is a desire to get it at a fire sale.
Sorry 0.50 is just stupid, I don't care how smart you think the analyst is. $0.50 is a market cap of less than $100mil for a 1.5 billion dollar mine. And that is valuing everything else TC has at zero. Yes they have debt, FCX has debt too. If they come out with a price target of $5 for FCX I will call them stupid there also.
They have well over 5k tons now but I read somewhere (can't remember) that they have 4000 tons at the port so I assumed it has shipped by now.
It is only gone if you sell...and if you sell much lower than $2.80, then your shares will be gone into my portfolio. I am buying big time soon.
It isn't horrible although I can't verify the numbers. Really the article said the MM project is not as valuable as it was in 2009, which is a big giant duh. Also it said TC does well if copper and gold rise or stay the same and does poorly if copper and gold drop. Also a big giant duh.
Smart money is dumb as #$%$ Smart money sold Netflix at $60 and missed the run back to $300.
Hard to say without calculating. I have never purchased the stock below $2.80 or so but I have bought and sold quite a bit for $0.20 to $0.40 profit. I might be down in the $2.50 area for basis.
Sorry I will buy them all at 2.59 and drive the price up so it never hits 2.58
0.50 would be a market cap of 90 million. In 2015 when they are making $1 per share that would mean a PE of 0.5
ie, no, they are not for real
The only solution is to try to find a sucker like they did last time and sell the IP.