They really don't gather a lot of dust since they are near the front door. It is very windy where we live and each time I open the door they get a breeze.
I did buy 2000 shares the other day when NSU was mentioned on here by dragon and others. A nice little bump from where I bought but nothing to write home about. Be funny if TC got a buyout and I still lost money on the $2 calls I purchase awhile back for $0.85.
I only have to wait 31 days to buy back the shares. TC is not going to break out above $2.20 or so for the next 30 days.
YES! (if by ATM fees you mean the trading costs, which are deductible).
Am I able to deduct the overpaid salary of TC executives? Sadly, no.
I was able to take a $9,000 short term capital loss on my TC stock for 2014, which will offset $5,000 in realized gains from an earlier sale of Apple. I can deduct $3000 against my W2 income and then carry forward $1000 of loss into 2015 tax year.
I heard the extra $5mil capex for Mount Milligan worker quarters went toward a sweet foosball table. Solid copper with molybdenum players and a gold ball.
Goldcorp was the real tip off. They had meetings with TC where TC told them straight up "Look, we are going to run this company into the ground, so you might want to exit at $3 while you can"
They don't care about us. All of the good CEOs will usually buy shares, unless they already are major owners because they founded the company. Corning's board members bought shares. John Fredrickson of Seadrill bought 2 million shares even as oil was going down. Elon Musk buys shares all the time (actually one of the brightest CEOs around and if SpaceX ever goes public I am buying into it no matter what the IPO)
Yes I made a good bit of money on TC trading it (back when I called it my ATM lol). I also made a great deal of money on Gilead.
But then I fooled myself into thinking Perron was up to something that would significantly increase shareholder value. The T-med deal and meeting with bondholders had me seriously thinking a buyout was in the works and I got greedy and increased my holdings to near 50k shares. I have now lost about all of the profit I made trading TC AND Gilead and am flat for the year in those accounts. Now you might say being flat is fine, you are doing a lot better than most, but I don't see it that way. I see it as being up near 60% in those trading accounts during the summer then throwing it all away and being at near 0% for the year. So I am bitter.
I have the day off and nothing better to do except watch my remaining options go further underwater. I am also playing the game Puerto Rico on Brettspielwelt in another window.
Well, they can't pay down the debt now without severe penalties that would far exceed any benefit. They have to wait until sometime in 2015 at the earliest.
I got one for you. Gencore (GENC). Zero debt, cash on hand $95m, market cap $91m, positive earnings. It is one of the strangest stocks on the market. I owned some when it was $7 and had $25m more cash than market cap but sold when it went up to only having $10m more cash than market cap.
carl, let me smash those rose colored glasses for you.
There. Better. Now see what is reality. Endako is a piece of Yahooshit that couldn't turn a profit if they had diamonds mixed in with they're ore (shout out to Ultra!)
Thompson Creek moly mine is going to spend $10m a year on 2 guys and a bobcat, or five guys and a craigslist backhoe, but either way, they are going to spend $10m a year plus any extra work they need to do on the tailings dam. I will be nice and call it $20m a year total for the next 2 years.
Mount Milligan is still not even at 80%. They are hemming and hawing about how they might need a $50m to $75m crusher to get to 100%, justifying that by saying they might be able to exceed 100% some day. We know from past experience that when they price out something at $xx you can multiply that figure by 1.5 to 2, so the real cost of the crusher will be $75m to $150m. It will cost the mine several weeks of limited production, which will hurt some quarter's results for sure. Then they will have some other issue that needs a big purchase, or the miners will require a pub to be built on site for $20m cap-ex.
I am still in it for $1800 on those Jan $2 calls but that is it for me. That is a long way from the near 50,000 shares I used to have. Actually I am not even sure I could get $0.20 each for the calls as the bid is 0.15 and ask is 0.25. Likely when I placed the sell order the bid would drop to $0.10, so call it $900.
I hang around here for $900. Who is more pitiful, me or Ultra?
He makes $521,000 a year. A purchase of 5000 shares would cost him under $10,000, or one week's pay. The message it would send to the market would be worth $10,000,000 to the market cap.
How exactly has Gilead punished you? Did you expect to buy it in the past month and make 100% by Christmas? The stock is up like a gagillion % over the past decade and up quite a bit for 2014.
It will be worse than that. Average gold price is lower and moly is in the toilet. $40 million at best for the 4th quarter, then only $10m to $20m for Q1 2015.