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Golf's message made me laugh. What else goes on here beside endless, pointless scenarios? Must be reading a different forum than the rest of us, or is it just through a different set of eyes?
Agreed. The young lady that updates the Moose site doesn't know Galore from Schaft creek. She made a simple mistake and people here speculate that there is something sinister going on. It was a mistake.
"Stronger copper, lead and coking coal prices offset slight declines in other base metals"
This statement is simply false. Spot market coking coal price has fallen from $225/t 3 months ago to $165/t now. Teck is feeling the pain; 60% of their business is coal. Come to our coal valley and see the impact this is having - it is immediate and pronounced. Temporary shutdowns have already started and layoffs are in the immediate future- all because of the drop in the price of coal.
Spring,, followed by summer starting on dec 21 for everywhere located south of equator.
They are retiring debt which pays at 10 - 12% and exchanging for debt at a lesser rate, all 1.75b. Same debt, just costs them less.