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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

Bullboard Posts
Comment by Vantraderon Apr 01, 2005 8:16pm
231 Views
Post# 8849327

Warrants & VOTE NO

Warrants & VOTE NOThis is obviously detrimental as it is increasing the already serious dilutionary effects of continual new financings. If they forced the warrants to be exercised, then they would not have to issue units at below market price with below market warrants attached; in effect you are doubling the dilution by doing this. Also, the some of the new financings are at lower levels. This is definitely not a recipe for a higher stock price - what could the motive possibly be? My best guess is that flooding the market with stock allows some people to increase their percentage ownership of the company without paying full value for the stock. Who owns the truckloads of shares & warrants? The insiders have not reported any significant purchases that would account for much of this. There are two possible explanations: the PP's are being bought by a diffuse group of people, or they are being parked in offshore accounts. Regardless of how you look at it, no management team of a company like this who cared about shareholders other than themselves would continue to print more paper than copper concentrate. VOTE NO on all accounts!
Bullboard Posts