Leeward Capital Corp LEWCF

Problems with TCM Endako

[smokeythebandit]

With all the problems TCM is having right now, there is mention on their BB that Thompson Creek is going to have to sell some assets in a cash crunch.  With TCM and Sojitz spending 600m to upgrade the Endako mill, Sojitz cant be to happy with their investment going down the toilet.  It would seem logical that there would be pressure from Sojitz to move on Endako, either with a sale to another party or sell the rest to Sojitz.  Their going to want to recover their money at somepoint.

Anyone have any thoughts as to how this situation all plays out.  It doesnt look like anyone would be interested in Endako with their current reserves which is all good for LWC...but there has to be some movement at somepoint.  Endako is a decent asset sitting idle tying up money for not only TCM but also Sojitz