Taseko Mines Ltd T.TKO

A giveaway agreement, and soon an equity raise?

[PieEconomics]

Why didn't they ask the shareholders? If funding were a little short, a rolling start would have been preferable. At least wait for the permit to come in before even considering an equity raise; with all the delay, the company will probably have enough cash on hand. Talking about a raise in advance depresses the very stock price that is used for pricing a financing! And... do they really think they will have trouble finding buyers of pure copper?

[nofluff]

It is a bit of a shell game. In about 15 years of gib production, they have been cash negative. They sold the gib silver stream for about 50 million. They sold 10% of entire corp for about 50 million. They sold 10% of flor for 135 million. I speak in cad. They borrowed on bond an additional 135 million for flor. They borrowed another 65 million revolve. That is 450 million on top of any gib cash

[JCSunsfan]

Didn@t they sell 20% of Gib as well somewhere along the line. @There is a reason that 20% of the production of Gib goes to someone else.

[nofluff]

Yes jc. They sold 20 or 25% to a japanese taker. That was a good deal as they used the cash to expand the hib mill. If We did a small equity rsise at 5.00 after flor permitted, I would be o.k. with that. However, not at discount to market. Just because it is lefal does not make it right. Before equity raise a stock is usually shorted to drive price down. Then equity sell at discount to market

[profittaker1]

Not sure I will keep reading posts here if everyone is complaining about an equity raise that hasn't happened. Let's stick to the facts. P.S. my options are up 30% in just a few weeks. Options market certainly thinks the stocks going to run. Guess it's your right to keep complaining if you want to but TGB/TKO is rising as other stocks hit 12 month lows on tax loss selling. Good luck!

[nofluff]

You may quit reading any time pt. This is a forum for discussion on pros. and cons of tko investing. The facts are that tko did a huge giveaway for a small equity raise a couple years ago. It took at least a hundred thousand off my portfolio. The fact is that stu said they mey do another small equity raise soon.  Those that are to rude or have there own obvios and obnoxious agendas, I put on

[profittaker1]

We'll here is an actual transcript of that part of the interview. Let's let everyone decide what Stuart actually meant. Andrew Bell: "And Stuart, sorry we have less than 30 seconds. Can you us a ballpark; how much more will you have to raise to get up and running in production terms?" Stuart McDonald, President and CEO Taseko Mining: "Well we've got a good balance

[nofluff]

may do a small financing. I believe the interview said equity financing.  nf

[nofluff]

I know u reasoned that it is imaterial to value as it has not yet happened. That would be like sitting on the beach and the loud speaker says that there has been a large earthquake 100 k off shore and a suname could be on its way. You say I will wait until it happens to do my evaluation. Mean time I am staying right here. Thanks for your thoughts. nf

[profittaker1]

No fluff, listen to it again. He didn't say that. To transcribe it, I listed to it 5 times and just did again to make sure. Let's stick to the facts.

[nofluff]

Thanks pt. I stand corrected. That is what is good about these forums. When a public corp says small financing I just guess by way of equity. But that is not for sure. Last day of tax loss. If tko stays under 2.00 cad, I may buy some back in the new year. Happy guessing:)) nf

[JCSunsfan]

I think it was a way of signaling equity value to a stock that is substantially undervalued.  Of course that value is with an issued permit.