Bullboard - Stock Discussion Forum Taseko Mines Ltd T.TKO

Alternate Symbol(s): TGB

Metals & Mining Copper

Taseko Mines Limited is a Canada-based copper focused mining company. The Company's principal assets are the 100% owned Gibraltar mine (Gibraltar), which is located in central British Columbia and is one of the largest copper mines in North America and the Florence Copper project, which is under construction. The Company also owns the Yellowhead copper, New Prosperity gold-copper, and Aley... see more

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Taseko Mines Ltd > Day Traders Or Large Holders?

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Post by JoeStockIQ on Feb 10, 2022 2:08pm

Day Traders Or Large Holders?

https://www.mining.com/copper-price-highest-since-october-on-supply-squeeze/

$4.62 US copper with a better than good chance of heading towards $5 and share price remains mired near $2. The biggest question is what entity is keeping the share price stuck? Day traders swinging daily for pennies? Large share holders looking control the pop to their advantage? Market Makers in the know? Or, simply a down market? The latter is possible but doubtful due to the sheer magnitude in difference between what share price was the last time we had copper at these levels and now. Remains a bit of an enigma. How long can it last is the next obvious question. Maybe the doom crew here are pooling all of ther funds together and shorting big time to keep the price at bay?! Yes, that was a joke. That crew would have a tough time buying a used AMC Gremlin combining their assets. Musings for the day.

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Comment by dcjones4396 on Feb 10, 2022 3:50pm

Well Joes, today's pullback looks like nothing more than all of the markets getting crushed. Going to need some positive news to push Taseko higher. Probably in a holding pattern for another 4-8 weeks is my guess, unless we get a surprise upbeat news release.

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