RE:re: probabilitiesodzie1 wrote: So. 15 years ago I bought TKO for 3.00 with copper below 2 bucks. Now. 15 years later TKO is just over 2 bucks.with production about to over double and 3 other projects in the pipeline with copper close to 5 bucks USA. So my probabilities are that the companies valuation is a joke, In a world where there is not enough supply of the stuff to accomadate the new world of green energy and transportation, where the whole industry is not equipped to supply the new demand, its a joke that the value of the shares does not reflect any of this but is still trading like the good old taseko of 15 years ago with only gibralter running. So. My probabilities tells me that the share price has a long way to go up to catch up to the new realities facing the copper industry. Its not 2005 anymore.
In my view odzie, there are currently two factors keeping our share price stagnant. First, much of the market continues to be in the "show me" phase due to prior missteps by management. Second, and probably even more important due to their daily participation with lots of money behind them, fund managers that know the "Taseko way history" are quite effectively utilizing the permit delay to their benefit in the tree shaking process only those with plenty of capital and share blocs can carry out. At this point, considering current copper prices, there is little doubt our share price will rocket higher like the proverbial "coiled spring" once the permit is finally released.
We all know the caveat of what happens without the permit by 30 September, that is, the market will most definitely push the share price lower on the news of a further delay. Even with continued high copper prices and an expanding Gibraltar, the market will punish share price. At that point, IF a further delay is announced, wait until the dust settles at the new share price low. Then, put your / our big boy investment pants on and buy more shares upon the new low (utilizing Technical Analysis of course with a big LOL), utilizing full knowledge that the permit will ultimate move forward at some point. No, Florence is not NP, far from it. Either you believe that or you don't. And, if you don't, you shouldn't be investing in Taseko to begin with. That said, I still believe we see the permit by the deadline. If not, I have plenty more capital and patience to see this fiasco to the end. Fortunately, my dollar cost average of all shares owned remains under 60 US cents. If we witness another permit delay and the share price falls under $1.50 US, I will be buying more shares and push that DCA up a bit...