It would be interesting if do and ultra were the same since it would have required quite a bit of forethought. Ultra has been misusing they're there and their for about 2 years and do was one of the first to call him out on it. Could it be that Ultra is really devious and used incorrect grammar to set himself up as different from do?
Light thinks it improbable (that mean not likely)
When they drop down to $100m cash on hand and gold is $1000, copper $2.50, then start up the bankruptcy posts. Until then, come up with some new negative.
Ok, here is my best *guess*.
Copper is weaker than I would want right now but we have reports of strong USA economy. A strong USA economy means China is doing better than they say it is because all we buy in the USA is Chinakrap.
Copper is $2.90. I would rather see it about $3. I think it needs to be over $3 for TC to trade over $2 by Jan 16 2015.
Gold is doing better than I thought since I secretly though there might be something to Goldman's $1050 prediction (not that they are prognosticators but rather they have an effect on markets with their opinions).
Sill, Gold is $1177. I think it needs to be over $1200 for TC to trade over $2 by Jan 16 2015.
I expect TC to trade in the range of $1.50 to $1.90 leading up to Jan 16. Most likely right after my options expire it will go to $2.30 on some news.
So there is my call. $1.50 to $1.90 by Jan 16 unless copper is above $3 and gold is above $1200.
Yes, it was still a douche move, especially with his cash salary. In hindsight it looks like he was smart, selling near $2 with the stock at $1.50 but I still contend a purchase instead of a sale would have done wonders for the faith in TC.
One thing he did accomplish is my no vote on any future stock compensation for executives at TC.
God you sensitive people! I wasn't berating your (our) precious little company, I was just pointing out that we never get excellent, dirt free, news. Our gold always has impurities. Just once I would like a blowout with positive earnings even after accounting gimmicks.
I am sure it had nothing to do with molybdenum price offers being around $9 and Endako producing oxide for $11 cash cost.
This is why everyone says you got lucky on your call of $1.50. You are like the million monkeys with a million typewriters, hitting random keys forever. Eventually they stumble across the complete works of Shakespeare, given enough time.
I don't ignore you though because it makes me smile to read your posts.
Yep. The only reason I purchased today is because I told myself I would replace my worthless $2 call options with shares in Jan if the price got low enough. This was one of those hold your nose, look the other way and click buy type of purchases.
Yes the article on SA was garbage. So was the one from earlier about bankruptcy at current metal prices. Really just points out SA is garbage.
TC is fine at $3 copper, $1200 gold, $9.40 moly. No bankruptcy, no quick double, just plod along and refinance at 7% in 2016. The bond market for TC paper currently shows strong support for a 7% bond auction.
TC is in trouble at $2.50 copper, $1000 gold
TC is crazy good at $3.50 copper, $1400 gold, $14 moly
TC will make you rich beyond belief at $4.30 copper, $1900 gold, $25 moly.
TC wouldn't get the same deal they got when gold was higher, even with MM complete.
Think about it. 120,000 ounces a year x 700 per ounce profit = 84,000,000 to Royal. It would take a decade just for them to break even on the deal, and that is IF gold stays around $1150.
Plus TC might not be able to produce 120k ounces in later years as grade changes.
As dumb as the streaming arrangement seemed to be, it is a better deal than they could get now.
The morons at TC (or not morons, since they all draw a pretty hefty salary and don't invest any of their personal money in TC stock) are great at doing nothing for shareholders.
I can't fault you for not buying the stock. It sure has not shown anyone any kindness in the past few years.
We will know a good bit more on Jan 20. Initial reaction is going to be bad, but I don't have a crystal ball here so had to lock in my shares at above what I think the price will end up after the earnings. $1.25, $1.15? Somewhere around there. On the flip side, if they pull some magic out of their Yahoobutt, we could go back to $1.70 very fast (like overnight). Magic would be some good news about capacity, some deal on moly (unlikely), or some bond deal (also unlikely this early).
They are not going bankrupt though, so there is that. At least not while gold is above $800 and copper above $2.
So let me get this straight. When the market valued it at $3 you scoffed at the market, but now that the market values it at $1.86, the market is the most intelligent entity in the universe? Perhaps if the market was wrong at $3, they are also wrong at $1.86?
If they were right at $3 then it was not really foolish to buy TC then. It was just a case of bad luck with the world economy.
1455 Americans this year have died from knife wounds, which is much larger than the deaths from Ebola. We should have a ban on the purchase of knives (maybe forks too, but I don't have statistics on fork deaths).