TSX:TECK.A - Post by User
Post by
BeachHouse1Dayon May 31, 2019 10:56am
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Post# 29788601
Should Teck buy a portion of Taseko Mines ?
Should Teck buy a portion of Taseko Mines ?Since Teck wants to grow their copper business should they buy a portion of Taseko Mines ? Taseko has a current stock value of $150M and is under performing. Should teck offer $100M for 33% of Taseko Mines because of their copper projects? https://stockhouse.com/news/press-releases/2019/05/30/teck-announces-share-buyback-increase-to-1-billion-and-redemption-of-us-600 '..deploying the cash generated from these assets to grow our copper business, ...' Taseko Mines has at least two connections to Teck Resources: Russell Hallbauer - President, CEO and Director (E,H&S Committee) Prior to joining Taseko, Mr. Hallbauer was Senior Mining Executive at Teck Cominco Ltd. where he oversaw the Highland Valley Copper mine in central BC and was Chairman of the Joint Venture Compaa Minera Antamina in Peru. Mr. Hallbauer has also served as Teck Comincos General Manager of Coal Operations responsible for the Bullmoose, Quintette and Elkview Mines. https://www.teck.com/about/board-of-directors/kenneth-w.-pickering Kenneth W. Pickering to its Board of Directors as an independent, non-executive director. Mr. Pickering is also a director of Teck Resources Limited, Endeavour Silver and Northern Dynasty Minerals Ltd.