Not to be mean, Kizi... but the only folks who did not convert were A) those who dont follow their investments/ignored it all and B) fools.
You're holding it now until maturity next May and it will pay out exactly as contracted. They will not do another enticement for conversion. It's done.
Light, thanks for the laugh (go no where, tc $ good at that). Bipolar kinda week for me. Find out we are pregnant and dad short "terminal" within few days of each other. A bigger roller coaster than tc pps.
Dragon, it's not hard to do. Just do what I do.
Get the tiny url suffix. /xxxxxxxx. Then tell folks here's the tiny url..... then readers simply enter tiny url dot com slash (insert) /xxxxxxxx. Hope that makes sense.
Carl, I agree. The for summary.
As for m&a, my take is that it will HEAT up in about 3-5 years. Miners are cutting capex $ way back per earlier post(s). They'll run "lean" but eventually they will hit a recovering market and not have the capacity to supply. While the capex starts to flow again they bigger/med ones will start gobbling up the juniors and micros to partially fill the gap. Imho.
Are folks not aware of what tiny urls are??? I post all the time and don't get deleted by yahoo.
I'm thinking that instead of this being about fighting to breakthrough $3, this is more about establishing $3 as the new floor from a technical sense.
Do - I love your posts. But maybe Do better to leave big idea inside girlfriend while throwing big nut off mountain into valley.
Ya Light. I am scratching my head on this too. Seems pretty cut and dry. Which is why I think there is something else at play. Seems to me that they could do both 2nd crusher AND P8 with cash onhand and CF on an as-it-goes basis.
As Do might say: Someting no right here. Making Do girlfriend and wife argue fo ansa but I don'know.
Here are the Dundee reports Ultra referenced. Read both links. You know how tiny urls work so....
Milligan visit. tinyurl /pq7kjjm
Report: tinyurl /q3jbvjt
Last time it closed 2 consecutive days above $3 was mid-May time frame. Last time it closed 3 consecutive days above $3 was last Nov. Lets see what tomorrow (a Friday) close price brings.
Dragon, barring stupidity, this pps will eventually have to move. Like you've said many times... it's hard not to notice cash on the balance sheet. My concern would be along the lines of what good would it be to double pps (enterprise value) if they turn around and double (arbitrary number for discussion purposes) the number of shares to get rid of the debt. That would put us back to square one while virtually giving up most/all of the turnaround value creation.
Anyway, I just pray that they arent thinking stupid stuff.
Dragon, ya, I agree. I was hasty in writing my post. My nervousness isnt in this dropping big time but rather not capturing upside commensurate with the risk taken so to speak.
I hope you are right, Ultra. But as a counter, wouldnt the BOD have had to approve the tMed deal?
Personally, I'd love to see some turnover on the Board and CFO slots.
Dragon, you might be on to something and for that reason I am getting extraordinarily nervous about what Perron might be thinking. If they had someone other than Saxton at CFO who is a strong/effective checks-and-balances, I might feel better. But I view her as a "Yes-Woman".
You are scaring me. And with little more than 100k shares in play here, this makes me very nervous given recent history of their financial decisions.