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Taseko Mines Ltd. Message Board

  • chriscje9999 chriscje9999 Mar 24, 2013 11:09 AM Flag

    Prosperity

    Trying to hear peoples thoughts on how much of the Prosperity site is built into today's price of TGB? How much risk is there in TGB's stock price if Taseko is unsuccessful in obtaining the go forward approval for Properity?
    Good Luck Longs,
    CJ

    Sentiment: Strong Buy

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    • honestly, the risk of P not being approved is built into today's sp; however, the potential growth story will cease to exist if P is disapproved. Regardless of fundamentals, I think selling pressure and shorting will increase dramatically if P is disapproved resulting in overselling of this stock. At that point, I would consider buying incrementally until we hit the low (relative to my overall portfolio and risk of course) because this company does have production with an existing mine. The hope for the future would probably have to be a buy-out but definitely corporate leadership change.

 
TGB
0.6469-0.0831(-11.38%)May 29 4:00 PMEDT