RE:Re [x's 6]CopperI don't really care about the EPS for capital-intensive businesses like mining, depreciation and ammortization skew the picture. I look at the assets for the long term, cash flow after sustaining capital and debt service for the short term. Taseko has good assets but they tried to expand fast via an equity raise (the shelf filing) and got hit with a double whammy of Gibraltar fire and changed market sentiment. Their balance sheet is stretched and someone is angling to accumulate (possibly acquire the assets) on the cheap. Fortunately for them, copper is holding really well in the face of the market turmoil and Gibraltar can be a cash cow to carry them through a tough period. Tax loss selling will end in a few weeks, with Gibraltar throwing off cash investors will focus again on the assets they have.
I doubt anyone will bid on the company as a whole anytime soon, their only Tier 1 asset is NP and it needs a lot of work. But they might be able to cash out on Aley, good niobium assets are rare. With Gibraltar's cash flow, they can hold out for a fair price.
IMHO, restoring cash flow from Gibraltar is the key for the near-term. The rest will fall in place.
RM
copperminer wrote: Rigged, in my calc's I'm mostly concerned with gross income and net income before company expansions / debt lowering etc. I want to see the pure net income indicating EPS, before income dispersal on whatever our BOD deems to be in our best interest. Got to have EPS high enough to regain our 2017 credibility. This Qtr has all the features to restart our 2017 roll.
Go Taseko