Monday, November 24, 2008

Poor Teck...things couldn't of gone worse for them. The timing of the Fording deal was terrible, the choice to buy Fording was terrible and now they're spinning their wheels trying to get out of debt. Investors are abandoning them faster than we can refresh our portfolio web pages.

The COO resigned this morning, Kinross and others will pick away at it and Teck will become a shadow of what it used to be. One of the mining powerhouses of Canada will never be the same after this market crash.