Post by
marketsense on Nov 26, 2020 1:58pm
Hindsight
Is a b itch. Had mgnt known that copper would be @$.3.34 a month or so later, would they,
should they have done it? The discount looks bad on the surface but at the time that deal
was negotiated, copper price was well below current levels and no vaccine announcements
had happened. Discounts are standard for financings, especially for miners and TKO needed
a higher copper price to look attractive.
Bottom line, the 3rd Q hurt and then on top of that, the dilution. The good side, it looks
like finally there might be some light at the end of the tunnel. Copper prices are bailing them
out both in regards to the pp and the bad 3rd Q and and is setting them up for Florence.
We are where we are but sometimes I wish things had been different. The last time copper
traded at this level, TKO was heading to $3.00 just riding on G with Florence still in the dream
stage. Trump and his cursed idiotic trade war with China killed the dream and put TKO a few
years behind plus a dilutive capital raise. Despite all this, just look at the struggles NCU has
gone through. Talk about dilution, it was brutal and they probably should roll back at least
10 for 1 to get the funds involved.
MS
Comment by
JoeStockIQ on Nov 26, 2020 3:49pm
Call Brian B. If no answer, leave message to him only. Additionally, he answers all emails. Try these three steps and he will get back to you.
Comment by
shahabstarship on Nov 26, 2020 2:26pm
I understand the pp. But I think that management lacks the vision which led to feeding the vultures. Either that or family/friends were involved. Copper $3.30 was actually a really good bet then and not too hard to see. Nevertheless, the SP will go up significantly.
Comment by
Johnsay on Nov 26, 2020 3:01pm
Insider family and friends have ripped off shareholders. Done once and it will happen again. This will be a continuous downer as their shares are sold out into the market.