Looking For A Low-Priced Stock To Buy? Maybe You Would Like To Take A Shot At This…

Lately, I have been talking about TGB… Taseko Mines Ltd. said it ended 2015 on a strong note which seems to be partly true, because even though the total output at the Gibraltar mine decreased, compared to the quarterly average during the entire year, that mine site cash cost per produced pound of copper fell as well, creating a positive net effect. Taseko generated a total revenue of almost C$290M ($215M) and a mine operating income of US$900,000.

Fortunately there was a total hedge profit of $10 million, which almost fully covered the G & A expenses of the company. That’s fine, however, the weak Canadian dollar also has a downside as the interest expenses are increasing, and the company had to book a FOREX loss. This pushed the bottom line firmly into the red territory and Taseko Mines Ltd. reported a net loss of C$62M ($46M USD) over the entire financial year.

Even though I am not a financial advisor, and this is just my opinion, offered for entertainment purposes, I still think that if someone wants to buy a few hundred or a few thousand shares of a low priced stock, and sit on it for a few months or a few years, it seems to me that TGB might not be a bad idea. (Yes, I have some!)

Of course, YOU will do your own reading, research, and make your own investment decisions!

Good Luck & Many Blessings!

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