Post by
slewfoot2 on Mar 26, 2024 12:04am
well
joes... fair game... re hedging... tko themselves statwd they have hedged 40 percent of 2024 production at 3.25/ lb.... they do not mention any collars... u assumed that.... cone on joes u butter than that..... 15 years ago tko was north of 4 bucks..... it has since taken a few stabs at $3 but cant stick..... sure a savy opportunistic trader had a few signifigant dips due to external events , but sp has knot appreciated in 15 years ( it has declined)..... most every resource stock was a homerun if bought when there was blood in the streets during the covid crash.... gold stocks in particular were all homeruns.... now tko has a permited low c1 project , good copper prices, in a bullish commodity cycle and still hasnt broke $3 cnd.... that is Gibralter.... it is a very margin mine and at times is and will be a boat anchor... there is a reason why the 2 other partners have forced a sale.... the first one went public about gibralter being a poor asset.... u can do butter joes
Comment by
houbahop on Mar 26, 2024 6:52am
From the 23'Q4 financial report, TKO copper hedges: "...The Company continues to purchase options to provide copper price and fuel price protection. Currently, the Company has copper put contracts in place that secure a minimum copper price of US$3.25 per pound for 42 million pounds of copper...." Joe stand correct.