(yahoo deleted my post about this...must have had something the yahoonazi's didn't like).
I created a public google group (no registration needed to view or join) called Thompson Creek Metals. We can use that as a temporary or permanent home if we lose our yahoo group. At least keep it in mind and check there for the website of a new forum if we have to move.
The bonds are not going to go all the way to maturity, thus the 2019 yield to maturity is off.
The 2018 for 24.5% of par vs the 2019 for 26% of par, 2019 wins hands down as the better buy.
Bonds will be (something'd) by Dec 2017.
I was talking with the wife about Alaska while examining my TC bonds on E-trade. I was wanting to get 26% for the 2018 and move them over to 2019 issue which are trading at a discount IMO to the 2018. Alas before I could blink my order was executed at the ask of 24.5% of par, but only for $20k face. I still have another $40k of those, purchased at 14.5%
So I did my part today to drive down bond prices!
Disagree. ECYT has a pretty firm bottom at $2.60 which greatly limits your downside risk over this entire year. Any day we may see a partnership or other news out of the blue (may even get bought) which would send the stock to $6 or higher.
$0.60 downside, $3+ upside. My kind of gamble.
It was a hard choice though. IBB at 253 or Gilead at 89
Good luck with the hip. My mom had a titanium one installed and now sets off metal detectors and gives Sarah Conners an evil eye.
WOW, you are really POOR at stock INVESTING. The INFECTION news came out while the market was OPEN and Gilead actually went UP. By the way, why are WE talking occasionally in all CAPS?
Ok, I get what you are saying.
If this comes to pass though, I will be buying hand over fist instead of selling, especially if we get back down to the 10% to 15% of par range. I remain skeptical that things will go the way you outline but kind of hope you are correct anyway.
So assume they did pull this fast one with the note holders. How is that going to affect future attempts to refinance? (Fool me five times, shame on me and all that?)
Or do you mean existing noteholders are stupid but future potential refinancing entities are much smarter?
Right now it looks like it was from people taking the wrong drug with Zydelig or taking Zydelig when unapproved.
I don't count the bids, as there is a bid for 7% of par
Realistically you can't buy 2019 bonds right now for less than 25 to 35
I think we may have seen the last of the 16% to 18% of par days. At least for awhile.
Yes, I know all this but still, it is kind of like your football team being 0 and 12 and touting that they have not had an injury all season. It is great and all, but you really want to hear about how they are going to win.
Maybe you have not heard of carpel tunnel syndrome? Also those roll around chairs can be quite dangerous.
They have so much coverage of the dividend I really doubt it is gone this quarter. They might nix it sometime in the fall though. They really do have a very high cash flow right now...2017/2018 is where SDLP gets in trouble.
Yahooscrew the shareholders, but we are Yahoodamn proud of our safety record.
I would have to dig them up, but I think back in the day when moly was roaring and TC was pulling in cash, the safety record was mentioned somewhere on page 5.