RE: RE: TCK questionIf metal prices head up, the stock will head up, if they go down, it will go down simple as that. As the analysis says, the big hinge is the coal price. If they can't get at least say 135-140 USD coal, THE STOCK WILL NOT GO UP !!!
If copper goes back into the doldrums at 1.40 or less, THE STOCK WILL NOT GO UP !!! I find it laughable those who question who are the idiots that are selling at 3.80 / 3 US, but the same argument could be made , whoe are the idiots buying at 4? this stock has equal up side to downside in that range. Furthermore, the chance that some whimsical day trader with no real knowledge of how to value a stock, has it right, when a professional equity valuation specialist, at say CIBC, who decides to dump 750,000 based on major analysis, or the market and the company operations, and not to mention most likely insider knowledge, has it wrong, is highly unlikely.
Look for some major action on price in this stock in the weeks and months preceding the coal price contracts. That is when it will be becoming apparent to the insiders where this price will land come may / june. IF they get 140 for coal this stock will stay in the 4 range. If they get 160 for coal this stock will hit 6-7. if they get 130 for coal, then they are fuc&**d !!!!! and this could be a penny stock... Of course any relative movement in the exchange and copper and have this same effect, both ways. I don't think people realize the sensitivity to the exchange. Now that canadian coal, accounts for so much of the business, 2/3 of this tck revenues and costs are in CDN.