TSX:TECK.A - Post by User
Post by
nedbradonon Apr 16, 2009 9:22pm
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Post# 15925058
Abitibi goes bankrupt and owes $1.8 billion
Abitibi goes bankrupt and owes $1.8 billionHow can Teck, who has $13 Billion in debt, not be in some trouble. The $3 dollar price tag was an indication of where this could go. They must raise capital. They have to tap the equity and Debt markets fast while people are actually doing some underwriting. They are hoping for copper, zinc and coal to recover to bubble levels to get out of this. That bubble has burst.........