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Bullboard - Stock Discussion Forum Taseko Mines Ltd T.TKO

Alternate Symbol(s):  TGB

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

TSX:TKO - Post Discussion

Taseko Mines Ltd > Testing support at 1.50ish.
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Post by cupricity on Oct 24, 2023 11:52am

Testing support at 1.50ish.

Given that so many good things are already happening to TKO,  and stock price is actually hanging in there pretty darn good, I bet the following.
  1. Earnings are going to be decent but still net loss as money is moving from Gib to Flo.
  2.  They won't do anything too crazy to finance Flo
  3. Some kind of ramp up for Flo is in the works as they can scale the project with cash on hand while using cash to buy the remainder needed.
  4.  I think that the market actions are awfully suspicious with ultra low volume and that is making an oversold market tight like a coiled spring.
  5.  Renewable energy is taking off exponentially with lots of negative power prices in Europe and other windy states.  This will spark a large investment in transmission lines to move surplus power where it needs to go.  Very good for copper.
  6.  TkO returns put the colts firmly in the glue factory over last 2 years, 3 years etc.  Solid management have been through some doozy downturns and this downturn is no different.
Comment by JCSunsfan on Oct 24, 2023 12:43pm
Here are the potential negatives Cup.   1.  The EV revolution is stalling somewhat.  Prices have to come down, and it has to be more about the value of the vehicles themselves than just being green.  I think we have reached a tipping point with EV's.  With the multiplication of charging stations, the psychological barriers are starting to fall.  Most people ...more  
Comment by slewfoot2 on Oct 24, 2023 1:02pm
lol .. r you reeding the economist again lol... whats brian say? lol....  time 2 by moar tho eh ?   lol  you sure lost alot on tko, 
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