RE: RE: RE: RE: RE: Revised Targets = Pump and SelLASH
you may be onto something, an earnings leak from the insiders to a few in the general public, but these earnings have been known about to the insiders for a while now. If there is any arbitrage to be made, you can bet those insiders brothers, family etc, have already priced the thing in. My bet is that teck will once again "hit the #s" to quote a famous scammer (who was sent to the clink and then died), and the paper earnings will come out stellar.
TCK will undoubtedly use the asset sales to spin into EPS, and also have the benefit of the exchange differential since the junk bond issue, that they can book as they please, and likely will push it all fwd into this Q.
these games, along with the creative massaging of the capitalization #s will allow teck to hit anything from 0.50 to a buck a share in earnings. If they choose once again to not write down the 14BLN mistake, of course claiming that the coal patch is a 50yr reserve and it will eventually pay, there will be no paper loss registerde there either.
of course it will come out in the wash later. you may wonder why would they do this? I beleive it would set the stage for a further equity issue, one that they now need with the "new focus on Growth" most likely it will be the chinese again, taking another 50 to 100MLN shares, not now but say within 6 months time.
DL hinted to their deep pockets in his BNN interview, and that to me translates into this direct dilution, or an indirect dilution if CIC takes direct ownership in specific projects.
BOTTOM LINE = dilute the company once again, or at the very least, dilute its supposed "Growth trajectory"
AS of today I have taken a real ballsy bet now, couldnt resist doubling my position at 23.50 to average up to 21.50, with a mortgage sized bet. I guess well see if I really win or lose now, eh?