Post by
JCSunsfan on Feb 26, 2024 1:39pm
Why mining stocks are typically undervalued
I am learning this industry. I believe mining stocks, including Taseko are terribly undervalued because they do not have sell anything. Therefore, they pay little attention to marketing, branding, and its impact on shareholder value.
They do not need to sell anything because copper just sells at copper prices. They do not have to compete with other companies except for acquistions and personnel. Because of this, they spend little time on branding, communitity relations, or maximizing shareholder value.
This is a mistake. Market value of a company is ultimately in public perception. Enhancing share value opens lots of doors for financing new projects, and of course making money for ownership--the shareholders. I know many of you here do not agree with me, but the lack of appropriate valuation is hitting you in the wallet.
This company does pretty well with individual investor relations. Brian answers calls and emails. But they need a marketing strategy. They need to do better selling their company.
Comment by
JCSunsfan on Feb 26, 2024 1:42pm
I fully believe that if they had better marketing and community relations, New Prosperity would be in a completely different place right now. The company was operated by an engineer at the time who operated based upon what he thought was right legally--and chose the courts rather than relationships to push forward. They really need to change their thinking to move forward.
Comment by
JCSunsfan on Feb 26, 2024 2:42pm
Brian B is not negotiating with the FN. He is investor relations.
Comment by
rdy2rumble on Feb 26, 2024 4:26pm
Yes he is but years ago he had his hand in dealings with the 1st nations as well,, hence the 1st nations digging in.. Brian needs to go for NP to come into play,, pretty much that simple.
Comment by
JCSunsfan on Feb 26, 2024 2:47pm
I know second guessing is easy. Maybe it would have worked, maybe not. We do know what did NOT work.