Taseko Mines Ltd T.TKO

Amazing

[marketsense]

TKO mgmt wasn't throwing anybody under the bus after all.   Thanks for that info Miner.
I was shaking my head over that PP and couldn't understand it.  Now I get it.   They had 
to come up with that figure in order to secure the permit and indeed,  better to pp it than
draw down from accrued earnings that needs to go to Florence.   You are completely
exonerated Miner.   Wait till NF gets up to speed on this.  

MS:   Feeling better about my buy back on the swing trade.

[JoeStockIQ]

..."Wait till NF gets up to speed on this"... Screw NF, All Fluff has been acting like a child from day one on this issue. A teenaged girl at best, crying like a baby day after day while 10 bagging NCU that he originally bought in at over 13 cents. Bet he'll go back and say Taseko is a $50 100 bagger now. His credibility is as good as Fish Head's Joe Stock's.  Well

[nofluff]

Not buying it fellas. At 3.50 copper, that was 1 q profit. We had it in the bank. Ya dont give up 12% of your corp for 3 months profit. But I respect your right to do business the way u like 2. At the very least, there releases could have mentioned those things. Happy trading nf

[2024golden]

I agree 100%....the PP was a gross devaluation of share value and they should/must have known better!!!  30M for 12% of TKO is a complete fail...period. Doesn't matter what they say it was for.....only 1 qtr of cash from Gib at most. I am looking at this as an outlier mistake, it's done and hopefully we can move on much smarter in financing Flo build. Ideally we dont even need a jv.

[JoeStockIQ]

You people just don't get it. You need not like the deal. In your infinite wisdom, you can believe you had a better solution to the problem at hand. In the end, it matters not what you think. The only thing that matters here is that we have an answer as to the origin of the PP that has merit. When you take the corporate chair, you can do things differently. To be clear, no shareholder ever

[JCSunsfan]

Think what you want but the bonds are not the answer.  Why does everyone always think everyone else is lying? They gave the answer.  Fluffs argument that they could have taken the extra cash out of future profits does not work because they are afraid of a covid shut down.  Gibraltar is a mine that depends heavily on an efficient labor force.  A covid shut down and next

[JCSunsfan]

 BTW.  If I am a potential JV on Florence, I and not writing that $125 million check until TKO proves that they have ALL the financing in place to get Florence to production.  All the permits too. a lot of scrambling right now.  And a lot of potential problems too.  But the upside is huge.  This is probably why a lot of big investors are still on the sidelines.  

[nofluff]

Being positive here. There is no need to scramble. The copper has been sitting there for millions of years.  Depending on mining volume and capex spending, there could b 120 million cads in bank year end. 5.50 cad copper would add another 150 mill for 270 mill total. 150 cad mill for 25% jv gives the bank 420 mill cads. That is 100 mill more than needed. Rebonding as early as august was

[KentWilkens]

sorry JC, etc, that begs response. Their reasons for the gratuitous financing at a maximum discount to market were lame. Part and parcel of why the junior mining industry gets little respect from real investors, too many shady deals to unknown people, almost always leaving out the real owners of the company, treating them like their own personal mushroom farm. They COULD incentivize the sector by

[shahabstarship]

Exactly right. Unfortuantely the long cycle of commodity business from discovery to production and the nature of raising funds in public markets warrants such behaviour. Tech is the same, but the friend and family deals happen way early in the VC stage, and not spread into the public domain. Trade it as is, it will most probably go way up, but the upside is always limited by such actions. The

[dheadley]

Let's suppose the board had offered to PP to existing shareholders....i.e us. How many would have jumped at it and how many would have sais no effing way.....we don't need more dilution?

[KentWilkens]

dheadley, great question, the company needs cash, you have the opportunity to provide it at a discount to existing market, and receive shares for your trouble, increasing your stake in the company, rather than diluting it, if you pass, it is your choice, but you know those shares passed to existing owners, not outsiders.

[dheadley]

I guess the company could issue a news release or some kind of pre-announcement intending to issue shares. They would have to make it clear what the money is needed for. That would give existing shareholders the option of buying some cheap shares or leaving in disgust. 

[dheadley]

I'm kinda surprised the SP has recovered as well as it has. There must be lots of people sitting on profits. The permit news helped no doubt.

[JCSunsfan]

My gripe was with the idea that the performance bond was the reason for the PP.  To me, that does not make sense.  Performance bonds can be covered by insurance, and if that was the reason for the PP, then there is no reason that exec would not have said so. I do believe their reasons for the PP were as stated.  I disagree with NF on the alternative way of raising cash, and I would

[nofluff]

There has been a lot of good respectful discussion on here lately.  I believe jc reference to my alternative way of raising cash is by bonds. Perhaps u could explain why u disagree. Dh posed the q of how many sh would have antied up if offered the deal. I have been involved in many sh financings over the years. There is a couple ways it can b done. Direct offer on set price.  Ie. 50

[JCSunsfan]

I think there is some confusion here.  I took issue with two ideas, 1.  That the PP was to raise money for the performance surety bonds required on pg 6 of the Florence groundwater permit.  Again.  Those doe not require that the company put up that amount of money.  Usually they buy and insurance policy to cover.  I do not see that as adequate reason for the PP. 

[sclarda]

JoeStock low IQ  wrote   You people just don't get it. You need not like the deal. In your infinite wisdom, you can believe you had a better solution to the problem at hand. In the end, it matters not what you think. The only thing that matters here is that we have an answer as to the origin of the PP that has merit. When you take the corporate chair, you can do things

[JCSunsfan]

Those surety bonds are usually purchased through insurance companies at a fraction of the cash value.  I have had to purchase 4 or 5 of them on various projects.  Can't see how that justified the PP. I believe they did it for the reasons they said.  They had expenses coming with more engineering, operations cost with Florence, and a need to have a decent looking balance sheet.

[RobertC40]

yea smart post, (smarter then Minner, but we still are glad to have him :)) if it was just about those bonds they would have said so their not in the business of misinformation and deceit......but yea the pp was a massive miss, if they were looking out for the sharholders interest they would not have done it....but their running a co. it's diff. from sharholders interests, sometimes they