InvestorsHub Logo
Followers 35
Posts 2241
Boards Moderated 0
Alias Born 02/23/2013

Re: hellothere2 post# 154

Thursday, 01/16/2014 11:58:55 PM

Thursday, January 16, 2014 11:58:55 PM

Post# of 254
Hellothere, I would think if TC is able to retain profitability it would only be a matter of time. TC was at 9.50 Feb of 2012. That was after a quarter with an EPS of $.005! The November quarter turned in $.064. I currently hold TC and bought a couple of weeks back, but I try to flip so I may take my profits and go (I have followed TC loosely for a few years), this is the first time I have a "marging of safety". I read the Nov 27th news report about their concentrate (reitterated a couple of days back), I did some back of the napkin math and looks like this quarter is going to be profitable, but it is also their 2014 forecast which will matter for a firming of the stock price. One can always calculate revenues from the price of the metals and production. Their mines have had good weather, as the coldest part of the country this year has been eastern US. So, they are producing but at what return. Molybdenum price per pound is improving, but it is off 30% from last years levels. Steel is in better shape and moly is needed for high grade steel. Gold and Silver are down over last year but stable and Copper on the rise again, so there is opportunity for TC. Only time will tell. Thanks for asking.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.