Teck Resources Ord Shs Class A T.TECK.A

Laughable at best -- elsewise just plain sad

[4CommonSense]

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.   

[JessCooper]

Aside from the disastrous profits is their CEO saying that Teck is trying to become a copper player that can actually build projects? with "global" or "word-class" leaders and I could not find one single mining project their SVP of projects had completed... the mining project world is just like any other industry people who have built the big mining jobs have a name?, Talk

[ccccc0320]

$TECK $VALE $RIO Teck Resources deal being studied by biggest miners, Bloomberg says Anglo American (NGLOY), Vale (VALE) and Rio Tinto (RIO) are among the big miners studying a potential deal for Teck Resources (TECK) internally, according to headlines from Bloomberg. Don't you feel like an i  diot today

[JessCooper]

Unless all Teck is aiming for is getting bought out. They can actually do it, especially with the non-Canadian assets (ehm pretty much the largest portion of the company is now outside of Canada).   Selling lartiicpacition on non-Canadian assets would not require the authorization or regulatory approvals by the Canadian government. 

[4CommonSense]

Let's get real about the future of this dog!!! There is only one thing that will result in an increase in the share  price . The company has to be 'sold' - 'partnered'- joint ventured or something. It is just too insignificnat in every way to become a 'player' in the mining world. The Bof D, senior management, and ownership structure are terrible clearly