RE:a couple
slewfoot2 wrote: of headwinds for tko....
1... they hedged 40% of 2024 production at 3.25.... so will have limited upside to the heavely forecasted uptick in copper price...
2... gib looks like its going back to being a boat anchor.... 10 mill less lbs ... thats about 35 million in cash flow gone.... ( minimum).... eye m sure they will knot meat production estimates because of problems with the pit moves ...
i am looking at harvesting the near term bump due to good q4 and soon to be good q1 results....
Hey Clubby, welcome back. Where you been? SH suspension or vacation? Anyway, regarding your posts here today, as usual, agree with some and disagree with others. First, pertaining to your boat anchor Gib, did pretty darn well last six months, didn't it? And, more importantly, it did well all the while you were deeming it a boat anchor. Not only paid the bills but threw off some much needed extra $$. So, your blanket statement of Gib being a boat anchor isn't always the case. As we've always stated, Gib is as it always has been. Nothing spectacular, low grade - higher C1 asset that has its ups and downs but pays the bills. That said, we agree with you about this coming year's issues. Won't be surprised when they don't hit guidance for 2024. Also, agree with you on timing. It will soon be time to take many shares off the board, take a break for 12+ months whilst Florence is being built and paid for during a down Gib year, see how that plays out and reassess from there. Getting out at $1.80ish US is a substantial profit for us and nothing wrong booking that during a large lag time period before 2025 Q4. More importantly, you heard it here first, we're preparing for a banking sector and overall market meltdown coming our way within the next 3 months or so.
Be careful people. U.S. banks are sitting on a ton of non-performing CRE loans that are coming due for readjustments and the overall markets are insanely overvalued. Bank balance sheets are a farce. Have a plan in place. Even if Taseko is doing everything perfectly according to plan, a market crash still takes all boats down. Warning signs are there for those who choose to look.
Finally, NP dealings. No idea. Management words sound promising. Doesn't matter. We'll be out soon watching on the sidelines playing SPX and banking ETF puts with extra cash ready. Not yet. But soon.
Be careful people, be ready. Have a plan. SPX 5350 danger. After that, sustained SPX break of 5050, double danger.