Nope. Sorry dragon. Ike is apparently a far better investment.
Like skip says.... There's a lot of money in being able to hide purloined gold!
Ultra, ya I figured SLB on a mine is not realistic. I agree that LMC is theoretically possible.
As for Enadarko I would literally give it away. It's a neg cf asset anyway you look at it. Not losing money is better than losing money so give it away for free if they have to.
Do, what is the website you speak of? Why we go site to see a man poopie on his Peter? Do, private worry your gf and wife no longer watch you.
I get "excited" about this type of moly market news only from perspective that I hope TC is positioning to sell it. All or part. I doubt SLB is a realistic option their ... Well except LMC could be.
Google this headline (from financial times website) 'Venezuela sells gold reserves as economy worsens'. Interesting read. They had to sell $1.7B of gold in Q1. Man that country is a total mess. Communism / totalitarianism sure dont work.
I don't know. That seems retardo to me that they would scream SAVE CASH for reason to not buy back almost free debt and instead spend millions to get a C&M mine running. That would just add fuel to the fire that they are 3 stooges level of inept even with advisors there to chaperone.
It's definitely a bad sign when 5-7 insiders sell some $12k worth of shares (whatever it comes to) to cover a tax bill instead .... Things can't be all that well in Denmark.
The day they announce they will break ground at IKE is definitely the day I'll sell. Let the next fool own the shares while they go through massive cost over runs and "hard rock" snafus.
And Perron and 2 others drop another 23k shares total. Yes I know solly's answer... Tax w/h from the RSUs. Hog-wash!!!!!!!!!!!!!!
Gator, best indicator of sentiment at a particular time. That's for sure.
The studies I read in grad school (very late 90s) was that options were priced at a premium when you look at them in hindsight. Meaning, in market aggregate selling an option was the casino version of betting with the house.
Ps- the proxy is out. I don't see anything hopeful in there. But I only scanned through it on my phone so....
There is no spinning it. Not buying back debt in February / March was a colossal fail.
They have to figure out a way to payoff the 2017 now. They won't be able to reasonably refi it... Who would want to take that risk with another "BK crisis" just 6months later maturity date-wise? And another a short while after that with the 2019. They have to sell something and pronto (Do, that mean fast!).
Blake- you're debating between eating fresh cow dung and drinking fresh whale spurm.
There really is no argument that one is better than other in that case. Is there?
I would agree. But unfortunately they've lost and have not earned any new credibility in my mind. I'm at the Missouri Moro stage---- SHOW me!
But you do say things on Conf calls and conferences. It's not hard to say something like... We are evaluating different options like streaming, selling piece of mm, etc. If we get the right price it would be helpful. (Words to that effect). Short. Simple. Now the world knows.
Telling your neighbors you're open to selling your house vs MLS for example. Which will more likely bring you a buyer at a reasonable market price?