The loan shark debt deal they made kind of bites. 3% royalty for 12 million. If they pay back the 12 million really fast, royalty is cut to 1.5%.
3% of 65,000 ounces is about 2.5 million bucks a year the loan sharks get...forever.
Good mine, bad company. So so management.
Suggest you buy the bonds not the stock. I would be sitting pretty if I had bought any of the bonds vs the common stock.
Do, this penny stock. Penny stock trades for pennies for reason.
That being said, Light owns penny stock Claude. It not have catchy symbol name like PAL (:Light like that, it make think company is your friend)
Light bought some Claude at $0.13 and now it is $0.31. Light one of those dumb people who can't quite figure out what that is. It seem more than double but not quite triple.
Light want to see match between PAL and CLGRF. Claude fwd PE is about 4, while PAL is around 6.
Both will blow away TC at least in the short term.
Ultra will talk up the potential for metals and have you believing molybdenum is headed to $50 a pound...then it drops to $8. I think he was a former English teacher.
Dragon is generally a good guy but holds on to Ultra's front pocket and follows him around
Reg knows more about mining than anyone on here
Private keeps it real
Do Lo ...well I have no clue about Do but sometimes he cracks me up
Skippy likes peanut butter and saying bah
jacktrade used to be new but is rapidly getting old as TC ages us all
And me, Light, who once bragged that this stock was my ATM. Don't ask.
Ok. I am marking this post and will check back in 5 years to see if you were right. Five years is about when I think TC will have significant moly production again.
Ok, just saw my order for 7000 shares sold at limit $1.60. Keeping 10,000 shares for some reason.
Good luck everyone. Maybe it will go to $5 one day.
Royal got a inflation protected bond that never expires. They make 6.65% in 2015, 7% the next year, then 8%, 9%, eventually they will be making 20% return while TC still gets $435 per ounce, gold is $1700 and wages have doubled for the mining industry.
The problem as Arnold pointed out is that if operating costs go up, Royal doesn't get any of the pain. It is a lop sided partnership as TC bears all of the future inflation costs. Any expansion of capacity or resources benefits Royal with all pain being borne by TC.
If the $435 had at least been indexed to inflation, it would be a bit more bearable.
Very good point Arnold. We forget that the $435 is not inflation adjusted. In 10 years there is a possibility that gold is 30% higher but also wages, consumables, equipment is 30% higher due to inflation. The $435 is not adjusted to reflect inflation.
Hindsight is 2020 but why in the world did I buy this stock at the $3 level?
I haven't posted in a week or so....I have trimmed TC down to 17,000 shares.
Pretty soon moly will be at a level where you have to pay someone to haul it away so you can get at the valuable fill dirt. (Ok, but really...sub $8 a pound?)
The only way this goes up significantly now is if we get a gold spike. I like my Claude shares for that and added more at $0.29. I have 100,000 of that puppy now. Even it isn't doing as well as I would like, but at least insiders are buying instead of selling.
Maybe I will keep 10000 shares or so of TC just for sh&gr....
This seems a quite reasonable strategy (hold, and wait for negative news before adding).
Much more profit vs risk in NADL
Hey, that is a 40% miss from my target :-)
But seriously, the low target of $6 is obviously wrong and the high target of $21 is also wrong, considering they just had an offering at $25.
Seadrill might get back to $20, but if it does, NADL likely will go from $2 to $6.
Either they succeed with EC1456 and $11 is about $22 too low or they totally whiff and $11 is about $9 too high.