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.
I am not actually sure you could stay out of jail with that type of manipulation. TC still has to follow rules of business.
Otherwise, why wait until the bond payment? Just release a filing now that says there has been a pit wall slide at MM and production is delayed indefinitely. The 2018 and 2019 would trade for 4% of par at most.
For me it was DDD. Tracking can only fix so much and eventually you can only hear the audio "Oh but Mr. Greenfield!"
$3 is a long way from now with the caveat that if somehow we get a huge spike in moly, $3 will be here in a heartbeat.
$0.90 is very possible, as that only puts TC market cap at about 200 million and change.
I am at break even when the 2019 bonds get to 60% of par (at which point I may run screaming from this investment like a little girl). I have about $60,000 invested in the 2019 and have lost another $15,000 to $20,000 over the past few years with the stock collapse. 60% of par will get me out of the hole and if in the meanwhile I get $15,000 in bond payments, I will be flat.
It is a very good life lesson. Never invest in a hole in the ground.
LOL they are not going to skip the May payment or the November 2016 payment. The first payment that might be in trouble IMO is the May 2017 one and for sure the November 2017.
They may play some bond games, but they are not going to start skipping payments yet.
No trades on the 2019 bonds since 3/7 and nothing on the Etrade order book on the ask side (my friend at McDonalds still doesn't have a Bloomberg terminal although I keep asking).
Light has $5k burning a friggen hole in his pocket and can't buy more 2019 because everyone has gotten stingy with them.
Just buy SDLP when it gets back to $2 a share. Figure you really are getting it for $1.50 a share since they will pay at least two more dividends before a refinance.
5 years sounds about right for lithium ion cells like those used in Tesla and laptops. I don't mean the battery will be stone dead in 5 years, but the capacity will be some 70% of a new battery and time to change.
Time and heat kill lithium. I do have some Lithium Manganese cylindrical cells made by Sony that are about 8 years old now and still about 85% of new capacity.