Radagast's Profile
Radagast's Posts
Golf,
You seemed to think changing economics might be fortuitous for us back here. I recall a time when you pretty much dammed anyone who posted negative thoughts about Copper Fox.
How times change.
Anyway, we are all entitled to our opinions and entitled to change those opinions.
All the best, Radagast
"Management clearly trumps geology. We would have had and should have had a fully operationaly mine by now if it weren't for inept management."
While I agree with the first sentence, I have to disagree with your assumption that we would have a fully operational mine by now if it were not for inept management.
Even with "better management" your not going to see a mine built with poor economics and thats what we have had the last few years.
With copper rising, optimization, low Canadian dollar and major miners back to making money that is changing IMO.
Regards, Radagast
Nice to see that large block at .14 get taken out. Can anyone provide a level 2 bid/ask?
Thanks,
Radagast
Golf, fyi, Fort Hills is expected to be the lowest cost producer in the Alberta oil sands. Hardly a low margin oil sands producer. Teck made the commitment to Fort Hills when they had good cash flow from existing properties.
If we consider why they sidelined (delayed) advancing Schaft Creek the last couple years I will use the analogy; if you lost your job and had no income, would you be in a position to make a large investment?
I think Teck knows what they are doing. They have to adjust plans and forecasts with the boom and bust cycle of commodities.
JMHO, Radagast
Q1 2016 Teck reported earnings of .03/share
Q2 2016 Teck reported earnings of .01/share
Q3 2016 Teck reported earnings of .26/share
Q4 2016 estimates are for earnings of 1.31/share
Q1 2017 estimates are for earnings of 1.36/share
Now if copper keeps moving up and oil recovers by next year.
Like I said. Cash cow.
What could they do with all that cash?
Radagast
Here is a link to the news.
http://www.rosslandnews.com/news/403445006.html
In other news.
http://www.teck.com/news/news-releases/2016-6828/teck-updates-coal-guidance
USD $200 tonne x 6.5 million tonnes equals 1.3 Billion in coal sales expected for the 4th quarter. Not bad considering not long ago they were only getting about $60 Tonne.
Radagast