Taseko Mines Ltd T.TKO

My one and only copper play...TGB

[metalhead666]

The big picture is unsettled now....will we have inflation? Hyper inflation? Will the end to the stimmie free cheese parade cause a recession by the Fall?  I honestly can't take a side here.  If pressed I'd tell you this....the FED isn't going to hike rates anytime soon, if they try they will fail, if they try it won't be for many months and if they try to taper then the market will throw a fit the $ will fall, all stocks will get crushed and they'll quickly reverse course as they have in the past.

The FED is trapped. They can't keep doing QE as it's seizing up the banking system and they can't stop or everything will collapse. It's not a good situation we're in.

The copper miners are up multiples already this year. Copper has doubled. The long term supply issues as well as demand is very positive but if we spin into recession all bets are off.  The "easy money" has been made here. The risks are very elevated, valuations are at all time highs but there's little alternatives to stocks given rates near zero.

Very confusing situation

So...what to do?  

I have no interest in the "market" and no interest in the copper space as a group. I have no interest in any stocks now unless they have a compelling and specific case to be made. Taseko clearly does. 

Despite being up 5x the addition of Florence fully funded to production is IMHO a game changer. Florence is a cash cow and a bank to fund development of Yellowhead quicker than I thought possible. In several years Taseko is going to be drinking beers with the big boys and that makes it unique among copper miners. That and its geography. You can keep all of Latin and Central America, Mexico, Monglolia, Congo and anywhere else....being in Canada and the USA is a major premium to have.

Am I "all in" TGB?  No way. I think the risk to the downside because of market forces, economic forces etc is high. I think I'll get more TGB shares cheaper in the weeks and months ahead but I do want a lot of shares at some point and want to hold them for several years. Either the market and economy becomes a train wreck or they manage to kick the can a little further...remains to be seen....but if things can muddle along for a couple more years TGB is going to be a big winner even from todays price. 

Audi announced they will be 100% electric by 2026. Not even hybrids...100% electric.  GM upped its investment in EVs to 35 billion...Ford the same...this is an unstoppable trend now and it favors big time copper and lithium...the only fear I have is the "market" and the economy given all the debt, money printing, free cheese, inflation etc....the fear is well founded. 

So my plan is to accumulate...a few shares every month dollar cost averaging in while maintaining a market hedge in case the whole thing goes over a cliff. TGB is best of breed IMHO. Florence will make possible TGB becoming a major player and we're only months away from that finally being a reality.  Come Sept hopefully the construction decision is made and a year later we have copper cathodes on their way to market....it all ramps up from there. Yellowhead will get on the map and its value realized in the share price.  If we don't crash in the market or economy, TGB is a $20 stock IMHO. 

I've traded it several times but now I want to be in it for the big payoff. I can't go all in here if the market is going to tank 30 or 40 or 50% but I can $ cost average in and not get wiggy if TGB stock were to drop to $1

I wish the macro backdrop was more clear and less risky but it isn't.  We are not in a stable environment and if it has a ticker it's at risk.  I want the stock but I fear the rest of the issues looming large. Will give accumulation a shot with a general market hedge...crash puts, S & P short trades from time to time. Have to trade the market you've got not the one you wish you had....too bad but that's where we're at now.

[metalhead666]

I'll throw out one other idea...WRN...Western Copper and Gold....Rio Tinto is sniffing around and has invested a sizeable chunk of change.  They may well make an offer for the whole company. WRN has a couple of catalysts too...their updated PEA out this week and an updated Feasibility Study by year end.  It's a huge project but very low grade in the middle of the Yukon wilderness

[Returns2021]

Btw; you don't hold shares in anything. Just another wannabe pumper.

[BigCountry]

what's with all the spam trolling?

[Returns2021]

You are clueless on how the market works. The market is clear; USD will rise because the Fed will taper. The market is about the future, this is why you saw USD strengthen after Fed comments

[metalhead666]

Bond yields fell because the smart kids call BS on any "taper".  

[Returns2021]

You are a novice pumper....never go against the Fed. They have reign in inflation and tapering will begin sooner as COVID is becoming history, slowly but surely

[JoeStockIQ]

Busted again Rerun, when will you figure out how easy it is to know it's you?

[Returns2021]

JosestockIQ, Sounds like you have daddy issues in your life. Holey moley what a diabolical rant about someone you have encountered in your life who clearly has scarred you for life. Sad.

[Fishbillion]

This post has been removed in accordance with Community Policy

[JoeStockIQ]

Wrong again, so many wrong posts by Reruns. Actually, they're all wrong. Check all of his wrong posts for yourself. 

[Returns2021]

Nah my little son Joestock, you are excited now, but I will be proven correct.

[JoeStockIQ]

Well little bo peep, you've been posting on SH now since May and every single one of your posts have been proven to be wrong. Nice track record...if you want to lose all of your money, very fast, that is. Why keep making such a fool of yourself? Zero for everything isn't much to be proud of, unless you're simply playing for a participation trophy. 

[Returns2021]

You see son, I don't lose. I not married to any stock like you. When facts change, I change my investment with them. The copper rise is not going to last