RE:There is just no story here anymore
AlfTanner wrote: There is no story to attract buyers to this stock. The company can barely make a profit with copper at $4.50. They are probably going to show a loss with copper at $4.00. These are record high copper prices, and the company is just scraping by. What happens when the recession kicks in and copper drops below $3.00? As for Florence, it is not going to happen. The anti-America socialists running the country right now are not approving anything that comes out of the ground. They think the electric economy will be built with fairy dust and unicorn pee.
Friggin idiots, that's the reason why we haven't bothered posting for awhile. People aren't smart enough to read a situation for what it is. Good Lord Alf, panic doesn't suit you well at all. Just because the EPA is doing what they're well know for in delaying the inevitable certainty doesn't mean it's not going to happen. Stop getting your panties in such a bunch. Apparently you're out of the stock now, good for you. Move on and stop the complaining already. The current status of the permit moving forward remains out of management's control, you can't blame them for the idiots running Creepy Uncle Joe's governmental agencies. Remember, the last comments from the EPA in writing stated the public comment period would be announced before the end of Q2. We're not there yet. Can they push it off even longer with their bogus lack of personnel excuse? Obviously they can but we're still not there yet. Also Alf, the company is not just "scraping by" as you say. What exactly don't you understand about operating income continuing to be used in moving Florence forward? Further, management was very transparent about Q1 being the least productive of the year. How about getting off of the panic button and chill out a bit as things develop? BB / management continues to publicly advise shareholders and the public in general that they have absolutely no indication that any negative issue exists with the permit issuance itself and remind all that they keep regular contact with the EPA. If management knew of any relevant issues causing the delay, they simply wouldn't keep trotting out there with the current line. Way too much liability in doing so.
Now, moving onto the current stock price. It's not as if Taseko shares are are devoid of some wild swings in price. We've all seen TGB in the US markets go from $1.35 to $2.50 to .23 cents to $2.67 and back down to its current price of $1.30. We vividly remember when all of the doomer gloomer bashing crowd was happily chirping in March of 2020 when Covid hit and the shares tanked all the way down to nearly 20 cents US. Yes, the same bashers here now were gleefully calling for the company's demise. To a lesser extent, the same can be said about the PP period. Only a few of us here were consistently saying the stock was heading much higher. The chorus line of hagglers were pretty much doing the same thing they are now. "Copper heading under $1" they said. "Taseko shares heading back to all time lows again" they avowed. They were oh so certain. But no, it didn't play out that way, now did it?
Look, being very real here, there's no doubt the creep currently in the White House that showers with his own little girl has categorically effed up the US economy. No Bout Adoutit. He's the worst thing to come along since the old peanut farmer Jimmy Carter. Indeed, O'Biden is making a historical mess right now. And, the EPA seriously hates any business they don't have their greedy little mits involved with. Yet, with all of current craziness going on around us, Florence will be approved. Yes, it is going to happen. Hopefully the EPA will live up to its words of setting the public comment period dates by June 30th. Either way, there's no stopping Florence. You'll see.
We don't even bother checking this space often anymore, maybe once a week or so, it's all the same stuff posted. Very little real insight, just the end of the world told you so parrots. They all "told us so" many times in the recent past and were always wrong in the end. Let them have there fun now, we're checking out until the permit gets announced, then we'll be back. But not to say "We told you so", only to discuss the real future of this company and the progress they need to make. Until then, adios.