TSX:TECK.A - Post by User
Post by
4CommonSenseon Nov 16, 2023 3:09pm
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Post# 35739823
tooo many 'captains' -same old problem
tooo many 'captains' -same old problem QUOTE - "This sale sets the stage for Teck for continued growth (?) as a major Canadian-based producer of copper and other future-oriented metals (?), while preserving the jobs and operations of the coal mines in the Elk Valley," said Dr. Norman B. Keevil, Chairman Emeritus, Teck. "This company was built on a foundation of sound geoscience and engineering excellence, with a record of successful mine-building second to none (really? ). That is the same foundation we see for Teck's future. It's time to get on with it."
Maybe best to stick to building mines then? Appears the investment community doesn't share any enthusiasm about the financial acumen and foresight regarding this 'disposal'.
This is just a continuation of a series of disasters over the last 15-20 years and a 3rd recent major disaster. An embarrassment for the company and the Canadian mining industry. Hard to believe anything could get so FU’d up.
Reality check: Teck is a 'public' company - in name only! It's basically a private company controlled by one S/H.