TMC Stock: The 'News,' the Price Hype, and Reddit's Reality Check
Alright, let's dive into this TMC the Metals Company (TMC) situation. Another day, another "revolutionary" company promising to change the world and make us all rich in the process. Except this time, they're vacuuming up rocks from the bottom of the ocean. I swear, if I hear the phrase "critical minerals" one more time...
The Hype Train's Still Rolling?
So, TMC's CFO, Craig Shesky, is out there telling everyone shorting the stock that they're gonna have a "very bad day." Bold words, Craig. Real bold. He's basically daring them, saying anyone betting against TMC just doesn't get it. According to some reports, The Metals Company (TMC) Stock Surges 24% After-Hours on CFO Comments after these comments. And what is "it," exactly? The promise of $23.6 billion worth of polymetallic nodules sitting on the Pacific Ocean floor?
Okay, I get it. Electric vehicles, data centers, the whole shebang. We need these metals, and China's got a stranglehold on the market. Trump signed an executive order to fast-track this deep-sea mining thing, and now the Department of Energy and the Pentagon are supposedly interested. But here's the thing: government interest doesn't equal guaranteed success, or even competence. Remember Solyndra?
And this whole "regulatory certainty" thing Shesky keeps mentioning...give me a break. Regulatory hurdles are more like regulatory mountains when you're talking about potentially screwing up the entire ocean floor.
A Wild Ride, Indeed
TMC's stock has been on a rollercoaster this year, peaking with gains of 854% at one point before crashing back down to earth. Now it's up 385% for the year, but still down 49% from its October highs. That kind of volatility isn't exactly a sign of a stable, long-term investment, is it? It’s the kind of ride that gives you whiplash, financial whiplash that is.
The company posted a net loss of $184.5 million in the last quarter, compared to $20.5 million the year before. Ouch. But hey, they've got $115 million in cash, so they're good for a couple of years, right? And they might get another $430 million from warrants. "Might" is the operative word there.
Then there's the environmental angle. Scientists are warning that deep-sea mining could cause irreversible ecological damage. Irreversible. As in, we screw it up, it's screwed up forever. I'm no tree-hugger, but even I can see that's a pretty big risk.
The stock found some support around the 200-day moving average, and the 50-week moving average is holding firm. Technical analysis this, technical analysis that...it's all just tea leaves to me.
The Million-Dollar Question
So, is this deep-sea mining hype justified? Is TMC really going to be the next big thing, or is it just another flash in the pan? Deutsche Bank raised its 2026 gold prediction to US$4,450, supposedly helping TMC. I mean, what does gold have to do with vacuuming up rocks from the ocean floor? I'm clearly missing something here.
Shesky says production could start before Q4 2027 if everything goes smoothly. That's a big "if." And even if they do start production, will it be profitable? Will they be able to extract these metals without destroying the planet? These are questions no one seems to be asking.
I read some guy on Reddit talking about TMC stock price and how it's going to the moon. And offcourse, there are the usual pump-and-dump merchants circling. But let's be real, most of those "investors" couldn't tell a polymetallic nodule from a pet rock.