RE:Re Re Re Re 40FCm, your post indicates you think the price protection requires them to sell the cu at 3.75, which is not the case. All of TKO production will be sold at the market, not just 53m. The put allows them to have the option to get 3.75 for 41m pounds should cu drop below 3.75. The only question outstanding from the NR is what did it cost to get that put? Was it 2c a pound, 10c, 20c, what was the cost? It is material to the value of the protection and your continuing to act as the blithefully ignorant cheerleader on this is not helpful. What did it cost? It's all we are asking. If 10c, 4m, not too bad, if 2c, awesome, 20c, why? KW
copperminer wrote: With what we're doing with the Florence, we need financial stability for this next 9 months, no catastrophic drop in copper price. In a way this put protection means we go it alone, 100% ownership of Florence. Don't forget. we still have 53M Lbs for open market, so our overall sell can react to market without damage, and Florence moves ahead.
Fellow shareholders, breathe easy, another brilliant move by Taseko. With the Florence bagged, we advance to where, the Yellowhead? or maybe the NP?.
Another Swooosh with the flag.