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Gold/Mining/Energy : Taseko -- Ignore unavailable to you. Want to Upgrade?


To: Valuepro who wrote (1)12/28/2004 12:16:07 AM
From: Cosmo DaiseyRead Replies (1) | Respond to of 32
 
Hey ValuePro,
Nice pick you have here. Any news that would make the price jump last couple of days? Big volume today with a nice increase



To: Valuepro who wrote (1)7/27/2005 10:24:58 AM
From: ValueproRead Replies (2) | Respond to of 32
 
Taseko's progress since I started this board has been disappointing. I'm referring, of course, to the stock price. Otherwise, the company has progressed and under other circumstances would be enjoying higher prices for it's share certificates.

Two things come to mind:

1) This market segment in general is not only in the summer doldrums, it's virtually ignored by the larger investor community.

2) While the spot price for copper has roared forward over these many months, the futures price has fallen quite markedly behind it. This is usually indicative of a market that expects the spot price to fall significantly. Under that condition, why would anyone who pays attention to futures also want to buy stock in a copper mine, when they seeing such a high flying red flag?

In regards to both points, the market has to change eventually. Prices for raw materials can not just keep blasting higher, while the producers/explorers remain overlooked. The disbelief the market is showing, I think, is related to the fact that far too many in North America continue to make investment decisions based on economic conditions using old, out of date rules of thumb. Unknown to most of these people is the fact we are currently experiencing the first commodities boom (since early in the days of the Industrial Revolution) that is not influenced by U.S. economic factors. When it is finally understood that China and India are the new driving powers behind worldly wealth building, I believe our market sector will begin to recognize the Super Cycle that is so clearly underway - at least it's clear to some.

aireview.com

There will be bumps along the way, of course, but if what I and some others see coming is a fact, we will soon enter the longest and strongest commodities Super Cycle the world has ever seen.

Does it make sense that copper inventories (and other metals) are so dramatically low, and stocks like TKO are lagging? Does it make sense that the spot price of copper is at new record price levels and gets little attention in the press? Does it make sense that a mining giant like Xstrata, a swiss company, is trying to buy up other majors, while the likes of CNBC ignore the implications? Does it make sense the China is trying to buy up foreign producers of the raw materials it must import, and the significance is ignored by almost every newspaper in North America?

Our time is coming.