RE:RE:TCM premium at about 2.5 cents now...
Hi, and thanks. I actually think that a slight improvement in TCM's results was already baked into the offer, since the price of gold was known already, and the improvements to Mount Milligan are also pretty well known. That said, it certainly doesn't rule out an upside surprise when results come out and if that was to happen, it would certainly be CG that benefits from it.
The takeover resolves the debt issue, and the increase in the Moly price recently also makes those assets a bit more attractive, so everything seems pointed in the right direction right now, for the TCM / CG combination. That is, as long as the price of gold holds where it is or increases from here...
My point is that if someone wants CG shares, the cheaper way to play it right now is to buy the TCM shares (now at a discount of just over 2 cents per TCM share, compared to the value of the CG stock that they are worth.
BB