RE:Are you kidding me? firecracker74 wrote
Did anyone happen to read that Taseko plans to produce 125M pounds of copper in 2021 compared to 123M pounds last year? Do me a favor: take 125M pounds and subtract 22M from it. I got 103M pounds to be produced over the next 3 quarters or an average of 34M pounds per quarter. That means a 50% increase in production over quarter 1. That means that if copper goes to $5 revenues will nearly double. You could easily be looking at profits of $50-$70M per quarter or .20 per share per quarter. Some expect copper to go to $6 or $7 by next year. Having enough cash flow to fully fund Florence now seems very likely. The first quarter is meaningless now. Taseko made $4M in the first quarter before financing charges. How much will they make the rest of the year with a 50% increase in production, a huge increase in copper price and lower treatment charges? You do the math. Full disclosure: I just got in.
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"Full disclosure: I just got in."
I knew that before i read it. For anyone who doesnt know Firecracker now that he has bought shares he will begin endlessly analyzing and pumping this stock. He will also start spamming many other message boards about TKO as the greatest thing ever. Taking a look at his Bullboard history back to page 40 or so shows how he operates. At that time Orvana was the "Best investing opportunity he had seen in 53 years of investing" Awhile later he is on the Orvana board telling another poster he is "Looking for a reason to buy Orvana." What happened to the best investing opportunity he had seen in 53 years.
He did the same with USA and repeatedely with TV. Then one day out of the blue he sells and starts bashing the company. Now he has bought back in to TV and has started pumping again. Sometimes people loose patience and change their mind about a stock but this fellow will pump a certain stock endlessly on many boards and then turn on a dime, sell and start bashing the same stock the next day for no good reason and does it repeatedly.
It appears that he is not doing that well with his pumping and dumping because after 53 years of investing you would think he would be very wealthy by now and would not need to put all this effort into pumping and dumping penny stocks.