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Bullboard - Stock Discussion Forum Teck Resources Ord Shs Class A T.TECK.B


Primary Symbol: T.TECK.A Alternate Symbol(s):  TCKRF | TECK

Teck Resources Limited is a Canadian resource company. The Company operates a portfolio of copper and zinc operations across North and South America. The Company’s operations and projects include Antamina, Cardinal River, Galore Creek Project, Carmen de Andacollo, Highland Valley Copper, Trail Operations, Quebrada Blanca, Carmen de Andacollo, HVC Mine Life Extension Project, Galore Creek... see more

TSX:TECK.A - Post Discussion

Teck Resources Ord Shs Class A > Share price and dividing up the 'Pie'
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Post by 4CommonSense on May 09, 2023 11:54am

Share price and dividing up the 'Pie'

Say final  price is say  $28B  -- Keevil will be  get a minimum of $8-10 billion  and the remaining $18 -$20B B goes to the 506 million B's  -- regardless of any restructuring etc. -- may seem too simple but you have to be realistic 

Teck.B per share $35/s  -- no matter how you cut Keevil will not give up control A's ===> B's or end up worse off than the currwent price etc with < ( A's 7.77 M*$98/s)  in other words has to be a significant dilution -- is there a better way to  see this situation - what situation would the B' price be $60/+/s ?

Crazy mess!!!
Comment by 4CommonSense on May 09, 2023 3:06pm
Perhaps -- if its legal-- or allowable under exchange ules  - Glencore could offer the Teck.b holders Glencore shares @ say $65/s  --then deal with the A's  separately?  the ultimate cost to Glencore woulb be $xxxx-- ????     
Comment by 4CommonSense on May 09, 2023 3:06pm
Perhaps -- if its legal-- or allowable under exchange ules@ - Glencore could offer the Teck.b holders Glencore shares @ say $65/s@ --then deal with the A@s@ separately?@ the ultimate cost to Glencore woulb be $xxxx-- ????
Comment by 4CommonSense on May 10, 2023 3:11pm
Thyere has to be a dilutionresulting from this chaos -- either in the form of TECK.B's or Glencore Common shares dropping in price