True, but also you tried to persuade me the bonds were not a screaming hot deal back when the 2019 was 18% of par. I wish I had bought way more back then. Today I would have a $20,000 payment.
It is a wonder a jury could have gotten this so wrong. Gilead needs better lawyers.
I sure hope they are wasting money today.
Show me where they can buy a company that earns $20B a year in profit?
$86, earning $12, wow!
Yes, of course it is called back at par. The question I do not know is how the call is allocated among note holders. In options when there is an early exercise, it is a random draw which option holders get assigned.
Not 102 that soon, unless the IBB just takes off. I can see getting back to $92 to $95 next week as soon as people realize Gilead is the still the most profitable biotech out there.
history doesn't side with you. Gilead has made people a ton of money over any 5+ year period you pick. But stay short here at $88 and see how that works for you long term.
Did momma drop you on the head when little?
The reason Gilead missed earnings is they have lowered the prices on drugs too much.
It is essentially gone now. SSRI bought them. Ultra said TC should buy Claude back two years ago when they had a market cap of just $20m or so.
While I do agree that people are getting a bit ahead of themselves, if you look at SSRI and Claude, they have gone from $4 to over $9, and Claude has gone from $0.125 to $1.78. Turnarounds do happen.
Why do I need to do all of that work when I can just use your figure of $1.80 a pound? You put that figure out there, not me.
I was saying IF they stream and it makes the all in cost of copper $1.80, then MM will generate about $40m of profit and is worth $250m or so (maybe a tad more or less depending on the trend of copper). The rest of TC makes up the remaining $150m (moly assets, lang, Berg)
I never said streaming was a good idea, I was just using YOUR estimation of what the stream would do for MM value.
Instead of constantly falling back on insults, point out where I made a mistake? I replied to you saying they would be left with $1.80 copper if they streamed the rest, and then I used 80 million pounds of that x 50 cents profit on $2.30 market price and got $40mil. I assume all the debt was paid by the stream. $40m a year is good, but the moly assets are not producing right now. $400m value, $40m earnings, gives you a PE of 10.
If they were able to entirely pay off the debt with a stream, and it left them with $1.80 a pound copper, then MM would generate about $40m a year in profit from copper at $2.30 a pound. It would be worth about $200m. The rest of TC assets are probably worth $100m to $200m (much more if moly ever recovers). $400m gives you a share price of about $1.50?