Taseko Mines Ltd T.TKO

Now they are paying $117 million for 14% or 800 mill

[drunk@noon]

value for a mine that has been unprofitable over the decades they have owned it. Management sickens me. Any mindless cheerleaders might want to ponder the fact that over the decades the only thing this has done for shareholders is accumulated debt.

[JCSunsfan]

Hmm.  The guy who calls himself drunk@noon hates the deal, but the market is absolutely loving it and all the details are out.   Taseko is paying $5 million now and will turn around and sell the silver stream they get from it for $10 million (USD) like they did a year ago.  The price of silver is virually the same.  Thus Taseko pockets $5 million now. They will pay $4

[JCSunsfan]

This is not the past decades.  The price of copper is different now.  This mine is now high tech and up to date, and you just have to work the numbers.  What this does say is that Gibraltar, on a cash flow basis, is easily worth $800 million.   An additional $23 million added to the EBITDA annually is about .08 per share. The present PE is 10 so if that valuation

[cupricity]

The mine has been so unprofitable that the company has stayed afloat through decades without dilution as well as gotten a gem of a mine to the finish line, then bought back the mine that did the heavy lifting back for the same price they sold 14 years ago.  Back when a house 300,000.  And they did it right before copper goes to the moon.  But do tell me more.

[slewfoot2]

umm cup .... ur knot bee ing very objective..... unless u do a bit of swing trading, tko has been a dead investment for the past 15 years.... gib started debt free and has since piled up 250-300 million in debt.... so wear is all the FCF?.... the sp is basically unchamged thru the years ( other than the dips).... why is that cup?.... florence kneads to be fully financed.... ie, gib is knot helping

[JoeStockIQ]

Yo Slewy, our man, once again you are correct with many thoughts / issues related to all things Taseko but you too tend to over exaggerate on the negatives. First Ole Slew, you're not being completely forthcoming with your statement about share values "for the past 15 years" unless “you do a bit of swing trading". Sorry Slewmeister, that's a very misleading statement. Why