Post by
copperminer on Jan 10, 2021 9:54pm
Re [ x9 ] So DC
The earlier stated facts concerning Qtr4
End of Qtr3 98M Lbs produced
Management stated 2020 should be 130M Lbs plus or minus 5%, indicating if no plus or minus occurs, we make 32M Lbs for Qtr4
If 5% minus occurs, then 130M x's 5% is 6.5M Lbs, so 130M Lbs - 6.5M = 123.5 M Lbs, then 123.5M Lbs minus yr to date of 98M Lbs leaves 25.5M Lbs for Qtr4
If 5% plus occurs, then 130M Lbs x's 5% is still 6.5M Lbs, so 130M Lbs + 6.5M Lbs is136.5 M Lbs, then 136.5M Lbs minus yr to date of 98M Lbs leaves 38.5M Lbs for Qtr4
In Qtr3 we sold out at average $2.96, Qtr4 will sell a lot higher, maybe $3.40 ish
Conclusion--Qtr4 has to be a good Qtr
Sorry to the doomers, but that's how I see it. cm.
Comment by
dcjones4396 on Jan 10, 2021 10:44pm
No need to be sorry CM but I think you're missing the point. Thanks for doing the math but it's been laid out here for all to see many times over. We're not being doomers at all. Simply pointing out that this quarter might be an issue to deal with. Absent Fish and maybe one or two others, the majority here are very bullish in this company for the haul. We all want Taseko to succeed.
Comment by
JCSunsfan on Jan 11, 2021 12:40am
Those are the numbers I have been assuming. And of course I am expecting the lower end. It's the Florence JV partner financial package that worries me the most. I have tried to position myself to benefit from good news or bad. I have a stake if good, I have powder to use if bad.
Comment by
JCSunsfan on Jan 11, 2021 12:46am
Oh. One other thing. Sp on this company seems to react sluggishly even to good news. That means that someone who is paying attention has a little window to get back in when good news is announced.