TMC Stock: The 24% 'Surge,' the CFO's Short Squeeze Claims – What Reddit is Saying
TMC's CFO Warns Short Sellers: Bold Strategy or Desperate Gamble?
Okay, so The Metals Company's CFO, Craig Shesky, is out here playing hardball, warning short sellers they're gonna have a "very bad day." Is this some kind of genius move, or is he just whistling past the graveyard?
Let's be real, this whole deep-sea mining thing still sounds like science fiction. Vacuuming up rocks from the ocean floor? For "critical minerals" no less. It's like a Bond villain's scheme to corner the market on… something. And now Trump's involved, pushing it through with an executive order? Give me a break.
The Hype Train vs. Reality
TMC stock is up 385% this year, but down 49% from its October peak. That's one hell of a rollercoaster. All that hype about rare earths and geopolitical tensions, then poof, back to Earth. It's always the same story, ain't it? Pump and dump, rinse and repeat. TMC Stock Attempts Comeback After Rare Earth Hype Faded, Targeting $11
The company lost $184.5 million last quarter. $184.5 MILLION! But Shesky wants us to focus on the $115 million in cash they have, and the potential $430 million from warrants. Okay, sure. That'll last, what, another six months? A year, tops?
He's saying production could start before Q4 2027 if the regulators play nice. If. Big if. The International Seabed Authority is involved, and those guys move at the speed of continental drift.
And what about the environmentalists screaming about irreversible damage to the ocean floor? They're not just gonna roll over, are they? This could turn into a PR nightmare faster than you can say "eco-disaster."
Playing the Short Squeeze Card
Shesky's really laying it on thick, questioning the "thesis" of anyone shorting the stock. He says roughly 25 million shares are held short. So, he's trying to trigger a short squeeze, huh? Force those shorts to cover and drive the price up. Risky move. What if it doesn't work? What if the shorts just double down? Then what? Does Shesky have a plan for that?
I mean, offcourse, the guy's gotta do something. The stock was tanking, and he needs to project confidence. But this feels… desperate. Like he's trying to strong-arm the market into believing something that might not be true.
The $23.6 Billion Question
TMC claims their underwater mineral resources are worth $23.6 billion. That's a big number. Their market cap is only around $2 billion. So, they're saying the stock is massively undervalued. Okay, but what if those resources are harder to extract than they think? What if the environmental costs are higher than they're projecting? What if the whole thing just turns out to be a pipe dream?
Deutsche Bank is predicting gold will hit US$4,450/oz in 2026, and apparently that helps TMC somehow? I'm not seeing the direct connection here, but hey, maybe I'm missing something. Maybe I'm just too cynical. Then again, maybe that's what they want me to think.
So, Is This Guy Nuts?
This whole situation is a high-stakes gamble. Shesky's either a visionary genius who's about to pull off the impossible, or he's a con man trying to keep the house of cards from collapsing. Honestly, I can't tell which. And that's the scariest part.