THREE-DAY-TRADER
9 년 전
It is probably just a one day short cover rally, that's what my latest 'techs' are telling me for time being thru today and in near term.
Copper, like Gold, and all miners are generally being hammered.
I think TC under .60 overall, generally speaking is fine and will pay off if you have a long enough time horizon, but for now I'm just watching.
It seems we still need to be cautious on miners overall... A painful lesson I've learned myself this week wiht miners.
the cork
9 년 전
TC Thompson Creek Metals Company (.60) principal operating property is its 100%-owned Mount Milligan mine, an open-pit copper and gold mine and concentrator in British Columbia. The Company's molybdenum assets consist of its 100%-owned Thompson Creek Mine, an open-pit molybdenum mine and concentrator in Idaho, its 75% joint venture interest in the Endako Mine, an open-pit molybdenum mine, concentrator and roaster in British Columbia, and its Langeloth Metallurgical Facility in Pennsylvania.
2015 Production Guidance
Copper: 90 - 100,000 pounds
Gold: 220,000 - 240,000 ounces
Molybdenum: on C+M until prices improve.
Website: http://www.thompsoncreekmetals.com/s/Home.asp
Pinksheets: http://www.otcmarkets.com/stock/TC/quote
TXS as TCM: http://web.tmxmoney.com/quote.php?qm_symbol=tcm
IHUB: http://investorshub.advfn.com/Thompson-Creek-Metals-Company-Inc-TC-11662/
chart]stockcharts.com/c-sc/sc?s=TC&p=D&yr=1&mn=0&dy=0&i=p11524061858&r=1428345566774[/chart]
xxx
THREE-DAY-TRADER
9 년 전
This was good news & a good update on July 13.
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July 13, 2015 /PRNewswire/ -
Thompson Creek Metals Company Inc. (TC) (TCM.TO) ("Thompson Creek" or the "Company") announced today that during the second quarter of 2015 the Company repurchased and retired $34.2 million principal amount of its 9.75% senior secured notes due December 1, 2017 at an average purchase price of 1.07% of the notes' par value. Total cash used was approximately $37.8 million, inclusive of the payment of accrued interest to the repurchase date of $1.2 million. Future interest savings from this repurchase to the December 2015 call date will be approximately $0.8 million, representing a net average purchase price of 1.024% of par compared to the call price of 1.04875% of par, with future interest savings to the December 2017 maturity date of $8.2 million. Since the completion of the Mount Milligan Mine to June 30, 2015, the Company has repaid and retired 12% of its debt balance, or approximately $121 million, including the net repayments of its capital lease obligations. The Company's target is to reduce its debt over time to approximately three times earnings before income taxes, depreciation and amortization ("EBITDA") for a twelve month period.
The Company's June 30, 2015 cash and cash equivalents balance was approximately $211 million, compared to $238 million at March 31, 2015. Excluding the impact of the notes repurchase announced herein, the Company's cash balance increased by approximately $10 million during the second quarter of 2015.
Jacques Perron, President and Chief Executive Officer of Thompson Creek, said, "During the second quarter we saw continual operational improvements at Mount Milligan, which we believe will continue throughout the remainder of the year. Based on this assessment and our strong cash position, we were able to deploy capital for additional bond repurchases as part of our plan to reduce our debt. We believe these additional bond repurchases illustrate our continuing ability to take advantage of opportunities in the financial markets to proactively strengthen and delever our balance sheet. We will continue to actively evaluate and execute our debt reduction and refinancing measures to reduce interest costs and to extend the maturities of our bonds."
http://finance.yahoo.com/news/thompson-creek-announces-repurchase-34-210100410.html
THREE-DAY-TRADER
9 년 전
It would not surprise me to see new lows next few days or maybe couple of weeks yet on TC.
Just giving my honest thoughts & analysis here. There is still plenty of risk to downside yet in short term. I personally would not be accumulating this over and over again as time goes on towards new lows, but I know there are those who like to do that downhill average down spiral trap.
Additionally, when you look at the sectors it is in (industrial metals & precious metals, etc.), there could be even more risk based on that alone between now and early July.
My thinking is waiting on sidelines has been good so far since early June, and that 'erroring on side of caution' today seems correct yet going forward.
and certainly I've got no regret trading out of it on that last spike to 1.10s in early June (along with directed same to my followers).
That said, I'll be more interested for possible re-entry if this goes down to new lows again, preferably under .80 in terms of seeking an oversold point.
I could change my mind at anytime based on latest data & trading, but that is my speculation of likely movement yet in the short term.