TSX:TECK.A - Post by User
Post by
4CommonSenseon Jul 24, 2024 12:09pm
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Post# 36146294
Laughable at best -- elsewise just plain sad
Laughable at best -- elsewise just plain sad This is suppose to be a good news release however here is the latest brillance of Price
"Adjusted EBITDA1 of $1.7 billion in Q2 2024 was driven by record copper production as Quebrada Blanca (QB) continues to ramp-up operations, as well as strong copper prices and steelmaking coal sales volumes."
67% of gross profit ias historically been attributable to Coal - history very shortly - leaving copper which willl never replace Coal in terms of gross or net profit - also note there is no mention of tTeck's other 'jewel' -- Red Dog ( y=-tanking too?). So Price thinks investors are so gulible they will believe all is good - vs. the impending profitability disaster.
The usual sharebuy back BS is just that. Even if it happens the impact on the share price be -- miniscule ---- and the 1% quarterly dividend is also a joke.
This company needs a change and it has to start at the top and BoD - the 'outsider' influence is the problem.