RE:RE:RE:RE:RE:RE:JV's? Ho HumKentWilkens wrote: BlueBee, it is not that there is no need, they are 80m short of what they need to complete Florence. This management never likes to come even close to short, and overall, that is a good thing. More than one miner has been taken out due to cash flow issues. On that TKO has done remarkably well, especially with 2020 rearview vision.
Compared to the situation in May, or September, they are far ahead of where they were, and the share price reflects that.
So, as the interview stated, they can do it without, take cash flow from Gibraltar to complete the project, which will take longer, and delay the progress of other projects, and leave them running a really tight ship for a bit, which they usually do not do.
The market does adjust periodically.
If CU goes over $4 between now and build decision, they may not, if it traces back under 3.50, different story.
KW
This is a very fair assessement. After all, its engineers and accountants that are running this company. They are the types that want multiple back up plans. They want $50 million of operating capital for Gibralter. Having a JV spreads the risk a little, puts more operating capital in the bank, and has the potential of improving stock price which in the end allows for more expansion capital with future (hopefully a long time in the future dilution).]
Right now there are two big problems this company has. It needs $80 million to build out Florence, and it needs to improve its market cap. It is prime for a takeover of sorts if anybody is doing hostiles these days. If I was one of the big copper players, I would be looking at Taseko right now. Adding 200 million pounds of copper right now to the pipeline I would think would be valuable for almost any company.