TSX:TECK.A - Post by User
Post by
Falcon44on Feb 21, 2009 9:54am
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Post# 15794905
Best is yet to come
Best is yet to comeThink of it as Barret Jackson, all the cheap ones come out first, the next sale will be Fort Hills, probably allready a done deal. The last sale will be the Coal assets, TCK will try and negotiate an extension for it's Bridge loan before selling any Coal Assets, I'm willing to bet that who ever want's it, want's all of Elkvalley coal, and not just a percentage. The buyers will wait patiently to see if TCK can refiance and will also wait for coal prices to be settled. This way, if TCK can't renegotiate their debt and coal prices drop out of site they will have no choice but to sell the whole coal asset.