Taseko Mines Ltd T.TKO

Another Day, Same Story

[dcjones4396]

Copper prices staying strong, Taseko share price tanking. How many people do you suppose know of the upcoming cash burn debacle? Thanks to some profit taking!

[nofluff]

Not sure what u mean dc. I undersrand the cash burn part. 300 million florence. 50 million np. 20 million ymi. 5 million alley. All in the next year. But at these copper prices, it adds value. Right now, sp has evaluated new issue. Caught a couple penny wave. Buyers will do grand if not in a hurry. The note takers and jvers were likely the pee pee takers. So they are selling to transfer to the

[dcjones4396]

The point is that their cash position is going to be much less than all anticipated after they release the final Q4 report and the next quarterly reports (2021 Q1 & Q2) aren't going to help nearly as much as they should during these times of high copper prices. Story remains the same, bumpy roads ahead until H2 or an unanticipated great deal being announced. 

[JCSunsfan]

Didn't they already announce their cash position at the end of the quarter?  I thought they did in anticipation of marketing bonds. 

[JCSunsfan]

They already announced that their Q4 end cash balance was $85 million in the Jan 11 news release.  News  is already out and baked in.  That was not announced as an estimate but actual information.  No room any more for "much less than anticipated." I already had my hissy fit about this.  Don't try to make me go through it again..

[JoeStockIQ]

End of year cash on hand was $67M US, without knowledge of where the PP funds ultimately went. 

[JCSunsfan]

The improved market conditions are timely as we continue to advance all financing options for the Florence copper project. We ended the year with a cash balance of $85 million, up from $53 million at the end of 2019. https://www.tasekomines.com/investors/news-releases/taseko-announces-2020-financial-and-operational-update