RE: Cash is king
If $13.00 is a boxing day sale, $12.07 is a door crasher special.
Molybdenum is not oil, nor is it gold, or silver, yet TCM gets battered anyway. Maybe the "smart" money is exchanging TCM shares for financial stocks.... Hell, if the US government is going to give away taxpayer money to support banks, maybe we should all buy into their scheme.
At some point, maybe tomorrow, or maybe a year from tomorrow, sanity will return to the markets and folks will realize that this baby should not have been thrown out with the bath water, cause she is awash in cash.
You've got to wonder what management might be working on: maybe a stock buy back, or a dividend, or the always speculated upon acquisition, although the Lucky Jack option might make that a bit less likely for now.
Good luck to all shareholders, and may our collective indigestion not last much longer.