and about the rhetorical arrows directed at Foggie
gee, TGB lovers, appears the stock price is running neck and neck with TC- and yet the critics have the utter audacity to criticize Foggie given the dismal SP of TGB, presently situated well below the LOW reaching in 2008!--good grief, get a grip on reality
oh, please G-John!
lest you've somehow neglected to remember how many of the idiot's past hedged have cost more and more $
too, where are your counter #s-? for previously Vegas, using actual documented data, tallied the record of lame brai hedge moves by 'Russ'
also, I note the newest hedge at 2.40 for something like $15 mil worth--let's see, the cost per the hedge, coupled with his record of repeatedly 'missing the boat' (as distinct from the Cu carrying canoes) on his sage predictions about future Cu prices
finally, I distinctly recall not all that long ago your 'barbed' and 'whining' comments about Russ (hole) and the obvious $ beating you've taken on the shares
your reliance on selective memory is a wonderful thing, eh, G-John?
super duper-this will put a real dent in servicing the huge debt load-not!
and net 'one penny' profit as ever about the best co, can do
that should SOON get the SP back into the multi-dollar range, right?
August 12, 2015 5:24 PM
VANCOUVER, British Columbia (AP) _ Taseko Mines Ltd. (TGB) on Wednesday reported second-quarter profit of $3.3 million.
On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 2 cents. Earnings, adjusted for non-recurring gains, came to 1 cent per share.
sorry, but the handwriting was on the wall after P 1 tanked--yet genius Russ saw fit chase P2 at a huge financial cost-- then apparently you've forgotten the tens of millions wasted on Aley--then add to that the marvelous purchase of Curis in AZ--and by the way, how is that going?--then thrown in the numerous times this jerk has concocted one transparently lame excuse after another for the ongoing dismal quarterly financials and that even when Cu traded near $5-- an also add the hardly swell production AND financial consequences of the more than $300 mil puke dup for the alleged 'upgrade' at Gilbraltar
thus ,any wonder Russ et all at corporate are so ill-regarded by the market?
and all such, regardless of any legitimate beefs about Harper and his gang- the folks so purportedly concerned about environmental degradation stemming from a P mine, while the Canadian gov. at the same enthusiastically supports the oil sands far more bothersome environmental consequences--
in the end, the moron CEO and his feckless BOD are the central culprits in the dismal TGB saga
indeed, Foggie- and to the core point--market has been listening to Russ BS for years about how Gibraltar 'upgrade at $300 mil plus) was going to significantly reduce Cu production costs--total ruse
hope you are not holding your breath for that to occur--far too much overbuilt CU mine supply/reserves
Did you all see those 'yes' percentages for the recent proxy votes?
A rousing state of confidence in Russ and the SP future.
Oops- since there are now presumably very few 'outside' shareholders, that circa 98% 'approval' might be a bit misleading, ya think?
This guy has long been a total joke CEO. And that's the positive news!
According to feedback received from his crack crew of in-house weather experts, Russ, so the reliable rumor goes, recently informed his always-hard-to-bamboozle BOD that with fires continuing to rage in Western Canada, that chances are Fish Lake will be vaporized—and all of those pesky bears run off- thus leading to quick approval of Prosperity.
And now for more good news. With the long awaited go-ahead for Prosperity—but also because some naysayers might still contend- if obviously foolishly—that the CEO has come up a wee bit short over the years in managing the company, he is more than willing to pass up on the huge monies that will soon come to him but nonetheless sell all of his options to any and all interested parties at a mere pittance- say, about $2.00 per share. Is this guy selfless and considerate, or what?
1. The SP has now come 360 degrees to return to its low of 2008.
2. The critical difference between the two instance is that the completely feckless CEO has seen fit to load the company with a massive amount of debt, courtesy of one bonehead move after another, led by the fabulous $300 mil plus 'upgrade at Gibraltar.
3. And as a tribute to the wholly malfunctioning BOD, the genius CEO remains at the helm, and thus able to continue to 'work his marvelous magic,' whereby he's 'managed' to take a once promising company and yet drive it into virtual oblivion.
P.S. Posters just need to dispense with the fanciful 'hope' that somehow Prosperity will ever be approved- it's kaput, as is TGB for all intents and purposes
of course Mackie has a "buy' on the stock- they were previously given the task of overseeing the attempt to get $16.5 mil in financing- and as has been stated more than once before, that grand effort saw Nio coming up about $6 mil short of the goal!!l-- too, if not for Smith ponying up $ and another outfit that participated because that was part of the terms for them acquiring an interest in Archiie Lake, then the shortfall would have been even greater
add to that the fact Smith had to 'loan' the company $1.5 mil--so what's that tell you about the prospects of raising the nearly 1 BIL to build the Elk Creek mine?
finally, likely Mackie et al in Canada were some of the entities that helped 'front run' the SP when it rocketed quickly to 1.51 before falling back to earth
as always, $ talks and BS walks, and that's how you might view cockamamie talk of a "price target of $4 at the start of 2017?"