What Am I Missing?Taseko states that the best long term strategy for stockholders is to have a pipeline of development projects. All cash flow from Gib will go into Florence. Then all cash flow from Florence and Gib(possibly starting in 2025) will go into Yellowhead( probably a ten year development project if it ever gets a permit from Canada libs). Then all combined cashflow will go into next pipeline project. When do stockholders ever get a return of capital? The oil companies have finally figured out that you need to reward stockholders with a return of capital, i.e. stock byback or dividend. TKO has stated that they NEVER intend to return capital. That is great for the company as employees, officers, and BOD members all get paid the whole time.
As many of you on this board, I make money by trading the stock that moves based on the price of copper, not what the company does. If you are a long term holder waiting for some return on your investment from the company I think you will have a long wait.
Gib has been generating cash since the expansion in 2014 and it has all been spent. The current cash is the result of the bond upsize(that has been expensive while waiting for the permit), the bought deal and the PP.
I think we are back in a buying zone so I will be adding soon.