Post by
dcjones4396 on Sep 14, 2023 4:41pm
Bright Future for Taseko Has Arrived
Totally agree with Cog's post, the ascent of Taseko's share price will take a decent amount of time before it reaches what many here to believe is fair value. Management must still illustrate to the market that it will lock down a completed financing package to cover the total cost of Florence CapEx. Then they must prove that they will construct the project in a timely fashion within its stated budget. Finally, of course, they must show the market that ultimate production proves to be as promised @ 50M+ pounds in year one followed by nameplate 85M in year two. Most everyone here, absent the regular naysayers, firmly believes management will meet or surpass those expectations. The good news for new investors is that they can get in at a favorable price point while this process takes shape. Us long term holders simply need to remain patient for another 18 months while they approach production. Additional favorable news? I believe new higher lows will form from now forward and those that swing trade are going to have even more opportunities to really book some solid gains. Keep 75-80% core holding shares and swing the remaining in 25 cent or so intervals. Let the good times roll...finally.
Comment by
nofluff on Sep 14, 2023 5:45pm
I think your points r all quite valid dc. Tko finished up 12% in copper up day and big tsx ntse up day. So a bit attributed to permit. It will still b a swing traders dream:)) nf