Post by
nofluff on Aug 03, 2021 5:03pm
Harmoney
One thing for sure. The deal removed all liability and should give incremental value as things progress.
I have 4 copper stocks and I have no idea which will move 1rst. Indications r ame will b 1rst. I am just sitting and watching, hoping to get a break so I can pay Chantelles visa. I asked her if she knew how much she spent. She said. Card was still working when I got home, so could not have been that much.
I said. That makes sense. End of discussion. I did not tell her, it was an unlimited card. I will go fishing soon. If tko does not jump, I will set up a fish stand.
Or maybe one of u folks with surplus could do a low interest loan.
Just throwing stuff out there.
nf
Comment by
JCSunsfan on Aug 03, 2021 5:22pm
So. Am I getting this right? Since Taseko has a 15% share in a JDS Energy IPO, that means that the sale was for 15% of the company, not just the mine.
Comment by
nofluff on Aug 03, 2021 5:40pm
U got it totally wrong jc. The sale was for a 15% carried to whatever happens with a 2% nsr on top. So the ipo gives creedence to what the project is worth today. It is still up to the market to decide value. All expenditures have been wrote off on liability. Trying to figure what market gives for value is what they call a scrap shoot. nf
Comment by
JCSunsfan on Aug 03, 2021 5:52pm
JDS Energy is going to do an IPO for a newly formed complany called JDS Gold. The primary asset of that company will be Harmony, but will also have the expertise of the JDS Energy behind it. They will issue shares that will allow investors to participate in the value of Harmony. Who knows what that will be. 15% of those shares will belong to Taseko.
Comment by
nofluff on Aug 03, 2021 6:02pm
Hate to argue with u jc. But tko gets no cash from that issue. Market will decide what to value. nf
Comment by
JCSunsfan on Aug 03, 2021 7:58pm
I want to make sure I understand you before I argue with you. BB said directly to me that Taseko has a 15% equity stake in the upcoming IPO. How else could that equity stake be represented unless 15% of the share are owned by Taseko? So not cash. Shares. But shares will have value at the IPO determed by the market.
Comment by
nofluff on Aug 03, 2021 8:33pm
It us simple jc. The news release stated tko retains a 15% carried ownership. plus 2% nsr. If jds does not advance then 100% reverts to tko. Very simple structure. All liability gone. Nothing but possible asset gain. Great deal. Market will decide. nf