Taseko Mines Ltd T.TKO

Taseko Mines Ltd Price Target Cut to C$2.60/Share From C$2.7

[metalhead666]

That's currently $2.10 US. Scotia Bank analyst.  Now, I don't know why he cut it and don't really care but obviously there was some reasoning process. Assuming that he's even modestly intelligent it implies NO upside from here.  So when I combine my economic macro view with my healthy fear of loss and this downgrade, it's pretty hard to make a case to buy here and given the risks out in the world it might not be a bad time to bank some gains.

If I could fast forward 3 or 4 years I'm pretty sure I'd wish I was all in on TGB but there's a long way from here to there and a lot can happen. It's easiser for me to see a lot of bad things happening than good things so in order to be an owner of TGB shares I have to have a huge margin of safety ....give me a drop to $1.50 and I'd be buying again...I think we'll see that sooner rather than later

I like the idea of selling puts but I want some fat premiums first

The metals and commodities are all at record highs but for the wrong reasons. They are there not because we have a thriving stable global economy they're there because of massive money printing, supply chain issues, record debt creation....If Biden gets to print up some more trillions for some infrastructure plan inflation will only get worse. You're starting to see labor strikes demanding higher wages....this is the spiral inflation takes...."wage/price spiral" It can't be contained except through draconian hikes in rates.....hike rates or have the bond market hike them for you and you'll crush the massively indebted economy.....damned if you do and damned if you don't. 

No way I see this all seamlessly working itself out...bubbles don't quietly deflate they pop.

So...accuse me of being a Debbie Downer but this is how I see it and I won't be buying TGB shares here even as I love what they've done and what Florence means for the future...I think there's going to be a great entry but it might take a while.

[RobertC40]

I'm going to stop responding to your posts...last one "That's currently $2.10 US. Scotia Bank analyst.  Now, I don't know why he cut it and don't really care but obviously there was some reasoning process. Assuming that he's even modestly intelligent it implies NO upside from here." etc. etc. etc. you're Data minning again "....give me a drop to $1.50

[metalhead666]

"Data mining"  lol  It's all about "data" duh!  Don't respond...do you think I care? I posted what an influential analyst thinks it's worth...do what you want with that information.  

[Fishbillion]

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