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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

Comment by JoeStockIQon Mar 25, 2024 10:17pm
136 Views
Post# 35952097

RE:RE:RE:Now they are paying $117 million for 14% or 800 mill

RE:RE:RE:Now they are paying $117 million for 14% or 800 mill

Yo Slewy, our man, once again you are correct with many thoughts / issues related to all things Taseko but you too tend to over exaggerate on the negatives. First Ole Slew, you're not being completely forthcoming with your statement about share values "for the past 15 years" unless “you do a bit of swing trading". Sorry Slewmeister, that's a very misleading statement. Why? You're missing huge swaths of investors like us ole Slew! We started buying at the $1 US region before the Covid crash and loaded up the truck from .30 cents U.S. back to the .80 cent region. Then we started swing trading after it went back over $1 through its recent highs of around $2.75 US and back down again through the next rollercoaster ride. All of this has occurred in the last six years alone. So Slew, Taseko has been anything but a "bust" for lots of people here that entered their positions within this very large time period. C'mon Slew, you're better than overplaying a statement like that. Next, you keep talking about the "hedged 40% of 2024 at $3.25" Unless we're missing something in your context, that is a misleading statement as well. Why? Spending on put contracts to protect the $3.25 isn't capping their proceeds from production at $3.25 at all. You know that. What they have done in the past is structure the trade so that their production is capped at the $5.25 US level (historically speaking) but that's it. To be fair, not sure exactly how this trade specifically is structured but it's highly doubtful it's very different from past transactions. Spending $2M or such for protective puts might not be your preference but that is how they've rolled for several years now. All that said, your hedging comments are misleading. As to the rest of your comments, mostly agree. As we've previously said, we'll most likely be exiting after Q1, depending on overall market indicators and raising cash for after the market crash. Tell the whole truth Slew, not most of it. You're better than that. 

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