RE:Its all over folksI sure hope Teck goes to $1, I'll back up the truck at that level.
Things are starting to take on a sense of hysteria in the markets that almost certainly indicates some kind of commodities bottom is approaching. The media story is now full-on doom and gloom. Copper will probably see more tough times (who was the person here who claimed irrefutably that it had bottomed, oh yeah, the resident tinfoil hat...) and there is a real risk that NCU will not survive this downturn. Conditions have and will continue to delay development of PH, and the result is that the future cashflow is diminishing as debt payments mount. If the schedule gets pushed out too far, this may not end well.
The NCU SH board has proven again that a circus usually is a sign of a bad investment and there are a few people here that are red flags on other boards. The chorus of proponents on the board now have little to do other than attack the poster that had it right for much of the past few years. I've seen this before and I'm glad I stayed out for the most part. This looked like a good prospect but the timing stunk- indeed there is nothing worse in this business than going into production on a waning cycle. Nothing management can do now but wait for better times, if the money lasts. Investors don't get the benefit of a salary to wait and will likely get a haircut here at some stage. Too bad, a good story and decent management.