Taseko Mines Ltd T.TKO

There is just no story here anymore

[AlfTanner]

There is no story to attract buyers to this stock.  The company can barely make a profit with copper at $4.50.  They are probably going to show a loss with copper at $4.00.  These are record high copper prices, and the company is just scraping by.  What happens when the recession kicks in and copper drops below $3.00?  As for Florence, it is not going to happen.  The anti-America socialists running the country right now are not approving anything that comes out of the ground.  They think the electric economy will be built with fairy dust and unicorn pee.

[JCSunsfan]

I have no problem reading negatives on something I am invested in, but it needs to be accurate.  Barely making a profit is an inaccurate assessment.  PE is under 10 according to TD Ameritrade.  That is better than anytime in this company's history.  The story might be flagging in face of inflation and the never ending inexplicable delays on the permit from the EPA.  

[AlfTanner]

JCSunsfan, Taseko had adjusted net income of $6M in Q1.  The realized copper price was US$4.59 per pound.  Production was 21M pounds of copper, but Taseko only gets 75% or 15.8M pounds.   Profit per pound = $6M / 15.8M = $.38 Breakeven price of copper = $4.59 - $.38 = $4.21   According to Q1, Taseko needs $4.21 copper just to break even.  That

[metalhead666]

Spot on.

[JoeStockIQ]

Friggin idiots, that's the reason why we haven't bothered posting for awhile. People aren't smart enough to read a situation for what it is. Good Lord Alf, panic doesn't suit you well at all. Just because the EPA is doing what they're well know for in delaying the inevitable certainty doesn't mean it's not going to happen. Stop getting your panties in such a bunch

[spitfireIVX]

Well said JoeS

[AlfTanner]

  JoeStockIQ, why are you holding this stock as copper sinks to new 1 year lows?  Do you enjoy losing money?  You are mad at me, but you should be mad at yourself.  The economy is going down the tubes, and copper is headed to $3.  Even if Florence is approved, it will take over a year before you actually see any profits out of it.  There will also be plenty of "

[Returns2021]

You have to remember JoeIQ is a big dummy.  He bought years ago at $3 and was hoping for $10, LMFAO.  You will see TKO well below $1 by year end.  Never go against the FED.  They will bring prices lower of all commodities through monetary policy.  It might take some time, but it will happen.