Post by
copperminer on Nov 29, 2020 11:40am
Don't Have to Guess, pretty Smokey out There.
Earlier in this year, Taseko said repeatedly that we were in negotiations with banks re financing for the Florence. But nothing has been issued and why is that? Something has changed since earlier this year, kind of another doorway in the long haulway ahead. And that is the remarkable jump in copper price to now $3.42, and rising.
So Qtr3 gave us another $9M to bank, resulting in a total of $73M in bank. Then the unpopular share float out took place, giving us around $30M to bank, now a total of $103 M. These three events are related, with Qtr4 now nearly over, and Qtr1 2021 due to start.Two more deposits of cash are likely pending
Too many smoke signals are lining up to be ignored. Looking like we are going ahead with a streaming or JV partnership [ as small as possible ] and our own cash to build the Florence. Almost no new Debt.!!
I expect the Florence financial situation to be just as remarkable as the Yellowhead Acquistion was.
Taseko never Sleeps, Lucky TKO shareholders
Comment by
CdnScorpion on Nov 29, 2020 1:48pm
Unless the PP was to get the cash to an amount that a a bank only financing at a fairly low rate is possible. Maybe there is a bank willing to do 4-5% loan for the balance of the Florence captial costs as long as TKO puts in the first 100 million cash.
Comment by
nofluff on Nov 29, 2020 2:27pm
Yes cs. I am hoping miner is completely wrong and what u say is correct. Only time will tell. Miner says he knows. So perhaps he has been talking and does. Sh r down 30% florence ownership so far minimum. How much will a stream ir jv remove?? nf
Comment by
nofluff on Nov 29, 2020 2:40pm
37 million for 30% florence does not instill confidence in future sell points. nf