Time to Change the Game Plan I have spoken several times with Edwin from the IR department, and have corresponded with Greg Waller ( head of IR) thru email.
I am in the investment industry and can tell you for certain, why this price is stuck in the mud.
Shareholders of Teck have already been on the this merry go round, back in 2008 and early 2009 when the share price fell to just under $4. Teck is being run by Keevil, and he does not care about shareholders, wants to build an empire.
Too much emphasis placed on growth, and the markets do not care about that right now. Investors want a decent dividend, a minimum of at least 3% - we need a dividend of $1.20 per share, this will at least put us equal to FCX, and BHP. But more importantly, a new set of investors will get buy into Teck while earning 3% and waiting for the markets to recover.
Investors are scared off by the Oil Sands venture, and with the purchase of Fortescue Stock. Thinking that here goes 2008 again. Teck can easily pay the $1.20 dividend and still have room for some growth.
Good luck to us longs