TMC Stock: What's Up With Its Price and the Latest News
TMC's Latest Surge: Is This a Real Comeback or Just Another Deep-Sea Delusion?
Alright, let's talk about The Metals Company, or TMC, if you’re into alphabet soup. This stock, this absolute rollercoaster, just jumped nearly 24% after hours. Why? Because their CFO, Craig Shesky, went on some podcast and basically told short sellers, "You're gonna have a very bad day." Give me a break. A "very bad day"? Buddy, some of us are just trying to pay rent, not gamble on whether a company can vacuum rocks off the bottom of the ocean. This whole thing smells fishier than a week-old tuna sandwich left out in the sun.
Look, I get it. The allure of "critical minerals" and "electric vehicles" is like catnip to investors, especially when some politician signs an executive order saying, "Go get 'em, tiger!" President Trump, bless his heart, apparently wants to fast-track deep-sea mining. Great. Because nothing says "environmentally sound" like ripping up the seafloor. And now TMC's talking to the Department of Energy and the Pentagon. Offcourse they are. It’s always about the government gravy train, isn't it? They're practically begging for a handout, dressed up as national security.
The Siren Song of the Seafloor
Shesky's out there, chest-thumping, saying anyone shorting TMC has a questionable thesis. Really? Let me offer a few counter-theses, Craig. How about the fact that this company posted a net loss of $184.5 million in Q3? That’s not a typo, folks. Last year, it was $20.5 million. This isn't growth; this is a gaping maw swallowing cash. They’re bleeding money faster than a politician loses credibility, and that’s saying something.
They've got $115 million in cash, which they claim gives them "a couple years of runway." A couple years? For a deep-sea mining operation that still doesn't have full commercial approval? That's not a runway; that's a puddle jump. And don't even get me started on the "potential $430 million from warrants." Warrants, for those not fluent in corporate doublespeak, often mean dilution. Meaning, if they do raise that cash, your shares are worth less. It’s a shell game, plain and simple.
They trot out these technical assessments, valuing their polymetallic nodules at $23.6 billion. Twenty-three billion dollars! Sounds impressive, right? Until you remember their market cap is around $2 billion. That's a huge gap, yes, but it’s a gap between what they might have and what they can actually get their hands on. It's like me saying I own a piece of the moon. Technically true, maybe, but I ain't collecting any lunar rent checks anytime soon. The actual act of getting those metals from the crushing depths of the Pacific, without destroying half the ocean ecosystem in the process—that’s the real trick. And no, an executive order doesn't magically invent the technology or make the environmentalists disappear.
Regulatory Hurdles and Reality Checks
Shesky's dropping hints that production could start before Q4 2027 if "regulatory roadblocks clear quickly." "If." That's a mighty big "if" when you're talking about an industry as controversial and unproven as deep-sea mining. We're not talking about getting a permit for a hot dog stand here. We're talking about potentially altering marine ecosystems forever. Scientists are screaming about irreversible ecological damage. You think regulators, even with political pressure, are just gonna wave that through? Maybe I'm just a cynical old fool, but I don't see the world's governments suddenly deciding a few extra tons of nickel are worth a potential environmental catastrophe. Then again, maybe I'm the crazy one here for expecting common sense.
The stock's been on a "wild ride" all year, up 385% at one point, then down 49% from October highs, and a solid 17% plunge in November. That’s not a stock; that’s a speculative fever dream. It rises on geopolitical tensions, cools when those tensions ease. It's a barometer for fear, not a testament to solid business fundamentals. And let's be real, the only "stabilization" happening is that long-term buyers are stepping in after the speculative frenzy cooled. They’re buying the dip, hoping for another round of hype. It's gambling, pure and simple, dressed up in green energy clothes.
I saw some analyst, Dmitry Silversteyn, saying TMC might not need additional funding soon. For the first time since going public, financially stable. Really? After a $184.5 million net loss? I’d call that "stable" like I'd call a leaky rowboat "seaworthy." This whole narrative feels like a desperate attempt to pump up the stock before the reality of deep-sea mining — the astronomical costs, the technical challenges, the environmental backlash — truly sinks in. As reported by Parameter.io, The Metals Company (TMC) Stock Jumps 24% on CFO’s “Short Squeeze” Comments following Shesky's podcast appearance.
The Bottom Line? It’s Still a High-Stakes Gamble.
This whole thing still feels like a massive speculative bet on a future that's far from guaranteed. They've got paper assets, a political tailwind, and a CFO talking smack to short sellers. What they don't have is a clear path to profitable, environmentally sustainable commercial operations. Until they do, this isn't an investment; it's a lottery ticket, and the odds are stacked against you.