Post by
JCSunsfan on Mar 18, 2024 3:05pm
The $5 TGB barrier
This barrier is real. There is a different set of rules on the US side for owning stocks priced at under $5 per share. Lots of hoops for brokers to jump through to qualify the buyers. Also, some funds will not own companies priced under $5 a share. It is stupid, but it is real.
If Taseko were to reverse split at say 1-3, I believe it would open up the stock to many new investors, especially institutuions. However, the optics of a reverse split are somewhat negative.
If this stock price does approach $5 (US TGB) over the next 6 months or a year, watch it take off as it crosses that threshhold. It would make sense for you that are north of the border to follow TGB as well as TKO.
Comment by
cupricity on Mar 18, 2024 4:41pm
once crossed. At 5 bucks US we are 1.2 billion or so market cap. Which would be the NPV 8 on florence only. It's only a matter of time as copper explodes into the AI boom and TKO will pass 5 US in the next 2 years. Once it hits 5US the next stop 10.
Comment by
JCSunsfan on Mar 18, 2024 5:01pm
It should be over 5 right now, and 8 by the fall. Not saying it will be, but it should be.