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Recommendations: 0
TGB sunk to near $4 a share in June, and in the last week it has rocketed back to about $5 on little to no news. (Ok -the company did announce an 18 month revenue hedge, but that was received with mixed reviews.)
So on no news we have gained nearly 25% in less than a week? (And the company is still very undervalued.)
Rumours are that there may be an offer tendered soon.
TCK is known to be wanting to get into more copper, gold and silver, and TCK just announced they raised over 2 billion dollars, that's billion with a "B", and to what purpose? Aquisitions most likely. TCK is partially owned by China now, so using TCK to accumulate more natural resources is hardly surprising and fits neatly into China's stated long term goals.
China is playing real monopoly with all the US dollars it has accumulated, buying up whatever it can whenever it can. (Makes you wonder if we'll all be paying China rent soon, doesn't it?)
Also TGBs primary copper mine is in between two of TCKs existing mines, again, coincidentially.
TCK has the political expertise. leverage and money to get the permit for TGBs Prosperity property in short order. And as has been discussed, Prosperity is far and away the largest Copper & Gold deposit in Canada, and one of the largest in the world.
Prosperity can be had for a relative song right now. Buy out TGB for $10-12 a share and make money off the deal hand over fist for years....
This is all speculation, but the coincidences are seemingly piling up a bit too hard and fast to simply dismiss out of hand...
Disclaimer: I still own real shares of TGB, so don't let my enthusiasm sway you, do your own DD and see what conclusions you draw.
Tell me what you think.
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