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Tucows Inc TC.P.T


Primary Symbol: TCX Alternate Symbol(s):  T.TC

Tucows Inc. is a global internet service provider. The Company’s segments include Ting, Wavelo and Tucows Domains. Ting segment provides retail high speed Internet access services to individuals and small businesses. Wavelo segment offers platforms and other professional services related to communication service providers, including Mobile Network Operators and Internet Service Providers. The Tucows Domains segment includes wholesale and retail domain name registration services, value-added services and portfolio services. The Company primarily earns revenue from the registration fees charged to resellers in connection with new, renewed and transferred domain name registrations, the sale of retail Internet domain name registration and email services to individuals and small businesses. Tucows Domains segment manages approximately 25 million domain names and millions of value-added services through a global reseller network of over 35,000 web hosts and internet service providers (ISPs).


NDAQ:TCX - Post by User

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Post by TELEMARKERon Sep 25, 2015 10:20pm
162 Views
Post# 24137522

Caesars

Caesars
AMARC IKE

Amarc Resources (AHR.V) has announced it was able to attract Thompson Creek Metals (TCM.TO, NYSEMKT:TC) as joint venture partner for its IKE copper-silver-molybdenum exploration project in British Columbia, Canada.

As per the agreement, Thompson Creek can earn a total 50% stake in IKE and it is allowed to obtain an initial 30% stake by spending C$15M on exploration activities before the end of 2019 (of which $3M has already been committed to be spent before the end of this year). Once Thompson Creek will have obtained its 30% stake, it can elect to earn an additional 20% ownership in the property by completing a bankable feasibility study within two years after deciding to continue the development of the project.

When we saw the headlines we were expecting a mediocre deal, but it sure looks like Amarc’s negotiators have outperformed themselves. Letting another company spend C$15M for an initial 30% stake and get the project to a construction decision by giving up just half of the project is a good deal in this market. On top of that, if the copper and gold price doesn’t improve, we think there’s a very realistic chance Thompson Creek will be unable to complete its earn-in on the property as the company’s financial situation is in dire shape.

https://www.caesarsreport.com/blog/it-looks-like-amarc-will-end-up-spending-thompson-creeks-dollars-but-keeping-the-ike-project/
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