Taseko Mines Ltd T.TKO

"Harmony" Preferred Shares already redeemed in 2011...

[Cognition777]

from Mar 28, 2011 year end financials... (I don't have time today to track down the acutal transaction on SEDAR)

"Gibraltar Tracking Preferred Shares (Exchangeable for Taseko Common Shares) In October 2001, the Company and its subsidiary, Gibraltar, completed the acquisition of the Harmony property and related assets from Continental Minerals Corporation (“Continental”), for 12,483,916 series "A" non-voting tracking preferred shares of Gibraltar and $2.2 million cash. On December 20, 2010, Continental announced that it had signed a formal “Arrangement Agreement” to implement the proposed acquisition plan announced in September, through a process which will be subject to the terms and conditions of the Arrangement Agreement. Completion of the Arrangement Agreement is targeted for the second quarter of 2011. The Gibraltar class of tracking preferred shares are redeemable for 6,277,000 of the Company’s common shares which is at the ratio of 0.5028 per Company’s common share to a Continental preferred share (6.277 million common shares total). If the Arrangement is not completed as expected, the preferred Shares will need to be redeemed by October 16, 2011 in any event."

[nofluff]

Well cog. U r the man of the day. So, looks like they pulled 30 million out. That was before my time. So water under the bridge 4 me. So no dilution according to that. Would b nice to c the actual completion details. If it was completed. What was the event that triggered the pillage? Seams it was illegal if none. Details eh!! nf

[nofluff]

So lets b optomistic and guess dilution took place before we bought in. So project produces 10 thousand tons per day at 1 million per day ebitda. So 365 million tko share 50 million times 10. Gives us 2 bucks with nsr. Way better tgan nothing. I still want to c the close on transfer. nf

[JCSunsfan]

Dilution already occured in 2011.  Harmony Project Gibraltar Mines Ltd., a subsidiary of Taseko Mines Limited, acquired the Harmony gold project in October 2001 through a transaction with Continental Minerals Corporation (formerly Misty Mountain Gold Ltd.) for consideration of $2.23 million in cash and the issuance of tracking preferred shares in Gibraltar’s capital stock. The tracking

[nofluff]

Good man jc. Keep that under ur hat until I get my 2.25ers. nf

[JCSunsfan]

So, did this actually happen already?  Looks like that it had to have happened before 10/16/2011.  If that's the case, its already done.  Dilution is in the past.