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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
Post by Snozolaon Nov 18, 2005 10:32am
240 Views
Post# 9884739

Taseko's Advice not so good

Taseko's Advice not so goodA few weeks ago when the share price was in the $1.10 range I phoned the corporate finance manager at head office to ask about the upcoming financials and if it was going to be another strong quarter like the last for earnings. He said that it was not going to be as good because in the previous quarter they sold all of their inventory in the last quarter. I then asked if i should buy a large block ( 100,000 ) of shares at the $1.10 level to average down, my average cost is $2.35 and he was very skeptical and said I should not. I then told him that the share price very low because of one reason only, which as you all know is because all the insiders and their families and freinds have blown off all their cheap paper at any sign of a rally. He said he could not deny that but said there was not much cheap paper left to which my response was, well DUHH, you guys have sold it all. You should be bloody ashamed of yourselves. Do I sould bitter, you bet, but as this rally fizzles as Haywood keeps blowing of paper, their will be buying opportunities at lower prices.
Bullboard Posts