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Taseko Mines Ltd T.TKO

Alternate Symbol(s):  TGB

Taseko Mines Limited is a Canada-based copper focused mining company. The Company's principal assets are the 100% owned Gibraltar mine (Gibraltar), which is located in central British Columbia and is one of the largest copper mines in North America and the Florence Copper project, which is under construction. The Company also owns the Yellowhead copper, New Prosperity gold-copper, and Aley niobium projects. The Florence Copper project is located south of Phoenix in the community of Florence, Arizona. The Yellowhead Project is located in the Thompson-Nicola region of British Columbia, approximately 150 kilometers (km) northeast of Kamloops near the town of Vavenby. The Aley niobium project is located in northeast British Columbia. The New Prosperity property is located in south-central British Columbia and hosts one of the most significant copper and gold deposits in Canada. It is also located in an area of cultural significance to the Tsilhqot'in Nation, known as Teztan Biny and Nabas.


TSX:TKO - Post by User

Post by JCSunsfanon Mar 18, 2024 3:05pm
112 Views
Post# 35938891

The $5 TGB barrier

The $5 TGB barrierThis barrier is real.  There is a different set of rules on the US side for owning stocks priced at under $5 per share.  Lots of hoops for brokers to jump through to qualify the buyers.  Also, some funds will not own companies priced under $5 a share.  It is stupid, but it is real.  

If Taseko were to reverse split at say 1-3, I believe it would open up the stock to many new investors, especially institutuions.  However, the optics of a reverse split are somewhat negative.

If this stock price does approach $5 (US TGB) over the next 6 months or a year, watch it take off as it crosses that threshhold. It would make sense for you that are north of the border to follow TGB as well as TKO. 
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