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Gold/Mining/Energy : Taseko Mines Ltd. (TGB)
TGB 8.825+14.2%3:59 PM EST

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To: Allan Corrado who wrote (403)12/29/1998 3:53:00 PM
From: The Band Leader  Read Replies (1) of 572
 
I took a hit in this dog last year, but kept a couple shares just as a constant reminder of a painful lesson. Just got a mailing from them yesterday. They've reached an agreement with the local government for reduced electric rates so that they can start developing. Sounds like the locals are desparate for jobs, and gave some nice concessions on the rates to get mining started. Still a little cautious based on previous performance (or lack thereof), but the company's outlook looks good to me right now. (Another factor in the lousy performance has been the currency translation effect- the Canadian buck has been creamed.)
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