You have heard me talk about Taseko Mines Ltd. (TGB) in recent months, and my 30 cents a share stock pick is trading just over fifty cents per share. You can scroll down and see some previous posts where I mentioned this stock, when it was at a lower price! Here is some information that came straight from that company…
“Taseko has been delivering concrete benefits for all investors, including:Earning the John Ash award for making the Gibraltar mine the safest mine in British Columbia in 2015. This is the second year in a row that Gibraltar has received this award from the BC government. It recognizes the mines with at least one million worker hours and the lowest lost-time accident frequency. Gibraltar lost no time to accidents in 2015 and 2014, a reflection of the high standards set by Taseko, its Board and its employees. The BC government publicly announced the award on March 7th.
Achieving strong financial and operating performance for fiscal 2015, with cash flows from operations increasing to $52 million, despite a challenging business environment and significantly lower copper pricing;
Playing an integral role in the BC mining industry’s negotiations of a five-year power rate deferral program announced by the government of BC;
Completing a US$70 million Senior Secured Credit Facility Agreement to strengthen Taseko’s balance sheet in a time of extremely challenging financial markets;
Negotiating long-term concentrate off-take and ocean freight agreements that significantly reduce Gibraltar’s off-property costs going forward; Strengthening of the Company’s corporate governance policies and procedures by giving shareholders a greater say on the Company’s relationship with Hunter Dickinson Inc., a long-time services provider with which Taseko has certain directors and shareholders in common; and
Committing to add two new independent directors to the Board in the near term. Taseko looks forward to providing investors with further insight in the weeks to come regarding its continuing strategic efforts to increase long-term shareholder value.”
They also went on to say…
“Taseko is Well Positioned for a Copper Price Recovery
Taseko notes that the current Board has strategically positioned the Company to create shareholder value with a cyclical rebound in the price of copper. A benchmark price of copper closed at US$2.26 per pound on March 7, 2016, up 15% from US$1.96 per pound in mid-January. Over the same time period, Taseko’s share price has increased 75%, demonstrating the extent of Taseko’s leverage to the copper price.”
That all sounds pretty exciting to me! Of course, I am not a financial advisor or investment professional, I am just a shareholder, but I am a purveyor of Good Luck Charms and Amulets that really work. Perhaps you need a good luck charm or two, to help you with your investments, to find a job, to win some money gambling, to have better business success, or to help your marriage or love life!
Good Luck & Many Blessings!