GREY:LEWCF - Post by User
Post by
Bentonstockson May 17, 2012 8:07am
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Post# 19919382
TCM
TCM According to recent posts on the TCM board, the company is suffering from lack of low cost ore at Endako resulting cash flow problems and other finacial woes. The posts say that TCM is proceeding with a $430 million debt and stock offering despite "negaitive reactions from credit rating agencies and investors".
I can think of some good ways for TCM to spend some of that $430 to alleviate their woes... Buyout LWC, buy/build a conveyor belt system to 'haul' ore from Nithi to Endako, and then start mining the Nithi moly starting with the high grade zones at surface. Since they already have mining equipment and a $600 million mill, it would be a quick and cheap way for them to get that mill producing at full capacity processing low cost moly ore, which I am sure would significantly increase cash flow.
Just my two cents...
Regards,
B.