Taseko Mines Ltd T.TKO

Taseko Mines Extends Copper Price Protection Strategy -Press

[Spec7777]

41 million pounds @ $3.75 (USD) for next 9 months.

https://www.prnewswire.com/news-releases/taseko-mines-extends-copper-price-protection-strategy-301257365.html

- Spec

[nofluff]

That is why I am trying to get down to 100 thousand tko. My morning wins on my other copper stocks just covered my mornings tko losses. The put news along with copper price is the reason tko is droping. The fact that tko fiund a taker for 3.75 put bodes well for copper price optomism. The fact that tko just had 3 months of 4.10 copper and 3 more months of 3.50 Copper protection, years average

[KentWilkens]

Just a point on the mushroom farmer management, they let us know they have 41m pounds of put @3.75, and nice to know they ran the calcs which means going forward minimum cash will be $165m.  Wonder why they do not think it is material to let us know what they paid for the puts? That could factor in to whether it was a steal, or a blunder.... KW

[nofluff]

I never sold any on that news, but many did not like the fertilizer they were being fed and did sell. So perhaps sh r not the mushrooms some think we r. nf

[JCSunsfan]

There is no way their c1 will be as high as 2.75.  Never has been that high before. My guess that all the numbers are USD or something like that.  The cost of the puts has to be figured in of course. 

[nofluff]

I was only repeating tko math. 125 million cad after interest free cash 2021 minimum. That is a u.s. buck a pound. The copper prices all in u.s. bucks. Tko next 3 months on old put. Something like 3.50. So 3.75 is a fair 2021 minimum price. Those numbers leave c1 at 2.75 u.s. It will not surprise me a bit. Water treatment plant build. Dewater pit cost. Surface stripping. Etc. etc. The less a

[JCSunsfan]

These guys are so conservative.  I wonder how much cash they had to lay out to buy those puts.