Taseko Mines Ltd (TGB)

[4Godnwv]

Copper con

https://aheadoftheherd.com/copper-con/

[IamtheWalrus]

What’s going on here?

[tdeck]

Well

Copper have a rock solid $5 per pound by mid-June

Peace out.

[tdeck]

Like I was saying....

Copper hitting 4.70's

Tutes ownership up to..... Institutional Shares 50,153,392 - 17.71% and loading still.

https://fintel.io/so/us/tgb

Peace out.

[4Godnwv]

This has turned out to be a nice channel play. I intend to hold a bit longer this time

[royaltyfree]

Financial out. tasekomines.com

[4Godnwv]

Yup. We used to say, “Cut your losses short and let your winners run. Still agree with the first part. Preservation of capital is everything. But I can’t tell you how many times I’ve let a profit sit on the table, only to see the pps fall off. I guess each person has to set their own risk/reward. My needs are meager.

[ThatHawaiiGuy]

100% agreed. Been telling my older son the same.

Name of the game is buy low sell high not buy bottom sell top...if it keeps going up after you sell but you had a profit you won the game...the woulda shoulda couldas will kill you.

GLTY

[4Godnwv]

Never feel bad about taking a profit.

[ThatHawaiiGuy]

Only half not all...just take out the capital risk...

I have one stock where it really bit me in the butt selling half because it is a six bagger from where I sold BUT usually taking out the principal is a good idea...

This thing has been a champ, just slow steady gains week over week...and sure enough it has doubled...

[Rosco Mac]

Copper prices are ticking up and news about the Florence permit is imminent, I believe. I think any "crash" would be temporary and would give you an opportunity to re-enter if you choose.

[ThatHawaiiGuy]

Yep never go broke taking profits. I am deciding on whether or not to sell half and get all my initial out and ride free or wait some more and take out my initial plus some extra ducks...

One bagger on a copper stock amazing. Too easy to make money right now: I feel a crash coming...but meantime make hay while the sun is shining...

[royaltyfree]

Nothing wrong with taking profits.

[artfulife]

I'm in TGB for the long haul but, with my cb at $1.21, I couldn't resist taking a wee bit of profit today. My remaining 29K shares kept my portfolio green today.

[royaltyfree]

Pushed past 2.

[ThatHawaiiGuy]

Anybody think it can take out two on this run?

Copper is king.

Should have bought more under a buck...this has been a nice steady gainer...no day to day excitement but week over week this has done GREAT.

[royaltyfree]

Up, up and away!!

[royaltyfree]

Copper is Essential to Electric Vehicle Technology Copper is used throughout electric vehicles, charging stations and supporting infrastructure because of the metal’s durability, high conductivity and efficiency. Good to be in. Copper price’s to rise.

[tdeck]

$TGB
Today shares to short availability 550,000 began the week with 2.3 million with the borrowing fee going from 1.82% yesterday to 2.89% yesterday.

Elapsed Timestamp Short Shares Availability
33m 2021-01-28 04:31:50 550,000

Elapsed Timestamp Short Borrow Fee Rate (%)
33m 2021-01-28 04:31:50 2.89

Tutes continue to load
Q2 21.56 mil held
Q3 25.98 mil held
Q4 31.58 mil held

We will be taking those as well as any more weak ones and locking them up at $4+ we don't use margins, stop losses or flip we hold LONG as this is a main street investment "real" not hype, one that you can sleep at night with no worries, future is insanely bright.

https://www.nasdaq.com/articles/china-is-using-its-currency-to-stockpile-copper-and-grains-2021-01-26

A snippet from that article, read the entire thing it's worthwhile ...... ""Regarding copper, the world is facing the prospect of built-in, long-term supply shortages even as demand ramps up to never-before-seen heights.

As we have said before in these pages — on July 20, 2020, we explained why “Copper is Heralding a Rise in FDR-Style Public Works Projects” — the world is about to embark on a wave of ambitious infrastructure projects in an effort to get past the pandemic slump.

The U.S. is likely to lead the way with a multi-trillion-dollar infrastructure package, but other Western nations, like Germany and the U.K., are likely to follow suit.

At the same time, the “green industrial revolution” now taking place — a process in which electric car-charging stations vie with gas stations, solar panels see exponential uptake, and millions of homes and businesses are retrofitted for energy efficiency — will demand vast amounts of copper.

That is good news for the world’s copper miners, but it is also bad news because they are nowhere near prepared. The mining business is highly cyclical, and the world’s miners come into 2021 with significant cutbacks to their production budgets.

Global mining investment has been depressed for years — it is roughly a third of the levels from five years ago, according to commodities research firm Wood Mackenzie — and is not expected to rise in 2021.""

(That is except for $TGB who has been going through getting their next project Florence ready and the secured note taking out the 2022 note that was due in 2022 at 8.75% is due 2026 at 7% and they got the excess cash to go forward with Florence alone with the excess EBITDA that copper prices now and in the coming year(s) will provide.

EBITDA 2019 C$51M

EBITDA 2020 C$105-110 million (projection by company a week ago will find out for sure February 11th CC/ER

EBITDA 2021 C$200 million (Projection for 3.60 copper it rises EBITDA rises and the entire world knows it's gonna rise and keep on rising)


Florence when permitted in the coming months (projected 1st H2021)
Can go ahead and finish construction of plant to process, and it will be the lowest cost copper mine in the world $1.13 per pound (Gibraltor mine they have now $1.80 per pound) doesn't take a rocket scientist to figure those numbers out with copper price now and in the coming years.

Florence Copper awarded state permit for full operations

Dec 10, 2020 Updated Jan 18, 2021

https://www.pinalcentral.com/florence_reminder_blade_tribune/news/florence-copper-awarded-state-permit-for-full-operations/article_d6b351be-e1bd-5bdd-abbb-af1f47354a87.html

https://www.tasekomines.com/properties/florence-copper

"Once at full tilt, Florence is expected to produce an average of 85 million pounds of copper per year for 20 years, beginning in late 2022."

http://www.sbwire.com/press-releases/copper-wires-market-to-witness-huge-growth-post-covid-furukawa-diehl-group-mitsubishi-materials-1325154.htm

A snippet, entire article worth the read ""Any price pullback to $7,600 should be used to build longs. We expect copper prices to reach $9,500 by mid-2021,” analysts at UBS said.""



Soon we will have them all note closes February 10 and ER/CC February 11 hitting and the Chinese Lunar New Year celebrations will be ending, causing the momentary rest copper futures are taking to come to an end as it will climb higher this year and the years ahead.

Put plainly it's a no brainer.

No need for any Einstein's to post me with their words of BS wisdom, I shall neither read nor respond to you, you don't know me, you only think you do, that's your first mistake.

.Peace out.

[tdeck]

$TGB $400 million at 7% down from 8.75 and due in 2026 not 2022

I think they are gonna take Florence on alone, have to read through it, but that lowering that interest %


note due 2026 not 2022

January 27, 2021 - 2:30 pm

VANCOUVER, BC, Jan. 27, 2021 - Taseko Mines Limited (TSX: TKO) (NYSE American: TGB) (LSE: TKO) ("Taseko") today announced that it has upsized and priced an offering of US$400 million aggregate principal amount of Senior Secured Notes due 2026 (the "Notes"), an upsize of US$75 million over the amount previously announced. Interest on the Notes will accrue at an annual rate of 7.0% payable semi-annually, and the Notes will be issued at par. The offering is expected to close on February 10, 2021, subject to customary closing conditions.

Taseko intends to use the net proceeds from this offering, together with cash on hand, to redeem all US$250 million aggregate principal amount outstanding of its 8.75% Senior Secured Notes due 2022 (the "Existing Notes") (including accrued interest), to make capital expenditures, including at its Florence Copper project and Gibraltar mine, as working capital, for general corporate purposes and to pay fees and expenses in connection with this offering.

[tdeck]

Indeed they shall. EOM

[Rosco Mac]

Still holding?

I think Taseko will be printing money in the next few years.

https://www.mining.com/hope-for-british-columbias-new-prosperity-project/

[jugs]

Gained 18c today, tacking on 2c more in AH.

I'll take it!

[jugs]

Looking awfully good today in premarket...$1.26.

[jugs]

Very nice indeed!

My background is in petroleum and related mining---metals and coal.

I've shared much of the content in the article you drew attention to, explaining the whys and wherefore that prompted me to take a position in TGB awhile back. By this morning I held 20,000 shares. After reading the article I knew I couldn't ignore my heartstrings telling me
I'd be crazy to not follow my instincts and experiences.

So now I'm holding 24,000 shares. This number should soothe my savage spirt for awhile, anyways. lol

I just love runners and I'm convinced that we are going to have on shortly.

Best of good fortune to all here daring to stick their necks out.

Bring some band aids.

lol

[Rosco Mac]

Nice summation by seeking alpha

https://seekingalpha.com/article/4394533-taseko-mines-small-cap-copper-miner-massive-return-potential

[jugs]

Just an opinion here but I believe you are so very right!

Tomorrow morning I'll be trying to add enough shares to bring me up to 20,000 shares.

[Rosco Mac]

We are poised to pop. If New Prosperity gets approved in the next few years, stock price should be double digits.

I'm averaged at 59 cents a share but am still adding to my position at these prices.

Worldwide copper shortage will edge copper over $4/lb in the next year, IMO.

[jugs]

People are sleeping and not aware of TGB. It's too bad as it is a low hanging plum begging to be picked off.

My cost basis is $1.10, not as low as I'd like but it is what it is.

My total position (s) amount to 16,000 shares. My results indicate a moving spread between $300 and $600 to the plus side (profit).

When the injection permit is granted, something expected early in the first quarter of 2021,l I'm expecting to see TGB shares pretty much paralleling the price of copper. Right now copper is going for about $3.50/lb. so my smallish 16,000 share position should be expected to triple which would represent an account value of about $50,000.

That would/will be more than acceptable.

I hope others will consider taking a position in TGB as I strongly believe it wlol prove quite profitable in relatively short order.

Good fortune to all.

[jugs]

Been loading up since last night and all of today.

I know a bit about copper. I believe this company will do well, perhaps more than a triple from here. The current price is barely above $1. Copper is going for $3.52/lb and moving higher steadily.

[jugs]

Taseco finally gained approval regarding the permitting needed to open the Florence mine in Arizona.

With copper climbing as it is, we are going to do really well.

I had 5,000 shares but today's news pushed me and now I hold 9,000 shares.

Last week copper was pricing at $3.40/lb. Today it is 12 cents higher.

Copper is critical to a planet consumed with thoughts of working towards a greener economy.

[jugs]

Not news to me. Still, I'm OK with developments.

[bar1080]

Let's be correct. TGB is on the NYSE_American which is NOT the same or as good as the the highly respected NYSE. NYSE American used to be called the NYSE Market and before that it was the American Stock Exchange or the AMEX. Yes, it's confusing.

https://en.wikipedia.org/wiki/NYSE_American

[jugs]

Taseko Mines Ltd Price Target Raised to C$1.00/Share From C$0.80 by Scotiabank

Nice!

Even nicer and bettererer is that it's coming to us from Scotiabank.

$2 would be far better.

[jugs]

Copper price is holding at $3.06 for the moment.

This is meaningful for TGB longs as it suggests to me that in time, this company's fortunes will be brighter. There are issues awaiting settling at the moment to be sure. But Covid-19 and our Nov. 3rd election will one day be off center stage, hopefully with minimal pain and confusion.

So then, for the moment, I'm in a holding pattern in this stock.

Good fortune to others!

[TrendTrade2016]

1.32 as mentioned.

[Investolator]

I sold out TGB today @ 1.055 for 123% profit. Best of luck to everyone.

[starkd748]

Top in

[jugs]

The Arizona ruling authority convened and all but one out of thirty representatives attending approved of the company moving ahead with the Florence project. At issue was concern regarding environmental controls.

Upon hearing this I added 25% to my position at $1.22. I'm liking this company and, of course, my participation.

[Investolator]

You are correct thinking TGB was ready for a pull back. Notice in the chart below the two times it had a big jump it pulled back for several days before starting back up again. This marks the third time it had a large rise followed by a pullback starting today. Also notice the time period between each one. There was a month between the first and second spikes and only a week between the second and third one. Hope you and everyone else are doing.

[ThatHawaiiGuy]

Been waiting for a pullback...this thing has been on a tear for days and days...long term no brainer gainer...

It will be worth more than it is now in a year...no question. They never just go up but this one was closing green day after day...don't expect much of a correction or for it to pull back much for very long...

[jugs]

Copper is now at $3.09.

[jugs]

Methinks you've confused this with another pick.

You see, Taseko is not an OCT listed offering. It's on the NYSE!

Your confirmation is meaningless under the circumstances, I'm afraid.

[TrendTrade2016]

It's on AMEX lmao.

[OptimusPrime555]

Number 1 SCAM on OTC! Going to NO BID and REVERSE SPLIT confirmed here!!

[jugs]

You say this is a scam play?

Perhaps so.

But as a long, long time investor in stocks I've learned that how I manage my bets once placed will determine who actually has won.

Frowns may feel good sometimes but careful and deliberate processing invariably wins out, enabling me to make my way financially.

There may be opportunity for you here. Why not let possibilities percolate before spitting out the brew?

You may actually acquire a taste for it, finding that it's better to swallow than to upchuck on the grounds that....

And---

Enuff puns already!

lol

Moral of the story--- finding fault with a stock pick due to our distrust is the easy part. Focusing on making munney is the worthwhile part of the process.

[TrendTrade2016]

Lmao...of course it is. Watch and learn how it's done son

[Chenteddybear]

This is a scam play I would avoid!

[jugs]

Your graphs clarify things for some, no doubt, as the ascending lines paint things perfectly.

There are several "layers" here, ample for most investor sentiments. There's the momentum side, of course, as we witness from a recent stride upwards in share price. Then there's high praises such as comes from Zack's Advisory service which many will subscribe to. I am not one to follow Zack's, however. Then there's the value side of the market which recognizes the importance of cuddling up to and with essential commodities, copper certainly a headlining qualifier. And lastly---it's hard to ignore opportunity for nearly immediate gratification such as is what happens when we traders grab onto a comet's tail for the breathtaking ride upwards. This appears to be such an opportunity.

If I've left something out, please chime in and correct me!

Good luck to all.

[Investolator]

TGB has been moving nicely since March. It recovered quickly, which is a good sign. Hope everyone has a great weekend.