TGB - Sector: Basic Materials---Industry: Copper

[setravis]

Pressed for time tonight...Oversold !


52wk Range: 1.96 - 5.59
Volume: 2,547,700
Avg Vol (3m): 1,728,180
Market Cap: 594.56M
P/E (ttm): 12.70
EPS (ttm): 0.36

Technicals
Last Price Quote is:
11.00%above 13-day MA
8.95%above 50-day MA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): $116.49 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 11/14/2007
Last Analyst Rating: N/A

[setravis]

8:41AM Taseko Mines highlights Q4 sales; Gibraltar Mine sold 13.2 mln pounds of copper (TGB) 5.72 : Co announces an update on quarterly sales and production results for the fiscal year ending Sep 30, 2007. In particular, the co highlights its Q4 production and sales during which the Gibraltar Mine produced 16.8 mln pounds and sold 13.2 mln pounds of copper at an average sales price of $3.63/pound. In addition to the $3.63 realized for Q4 shipments, an additional $0.10/pound was realized over the estimated rev for Q3 shipments. Russell Hallbauer, President and CEO, stated: "Management's decision to leave Gibraltar production unhedged has resulted in increased returns from sales as the price of copper has risen. With the combination of expected ongoing strength in metal prices and planned production growth, we believe Taseko is poised to continue to generate significantly increasing cash flow from operations."

[setravis]

8:41AM Taseko Mines highlights Q4 sales; Gibraltar Mine sold 13.2 mln pounds of copper (TGB) 5.72 : Co announces an update on quarterly sales and production results for the fiscal year ending Sep 30, 2007. In particular, the co highlights its Q4 production and sales during which the Gibraltar Mine produced 16.8 mln pounds and sold 13.2 mln pounds of copper at an average sales price of $3.63/pound. In addition to the $3.63 realized for Q4 shipments, an additional $0.10/pound was realized over the estimated rev for Q3 shipments. Russell Hallbauer, President and CEO, stated: "Management's decision to leave Gibraltar production unhedged has resulted in increased returns from sales as the price of copper has risen. With the combination of expected ongoing strength in metal prices and planned production growth, we believe Taseko is poised to continue to generate significantly increasing cash flow from operations."

[setravis]

The "TGB" Threads in Previous 3SOF Picks
Have been merged.
Got the go ahead to do so from Ramsburg.
I will be working here on this board to merge other threads also.


Good trading to all !   

Regards,
Your fellow trader @3SOF
setravis     



Today's chart........

[David Randolph]

June 1st, 2007:

TGB initial video analysis:

[setravis]

Aside from being solid fundamentally, look at the chart.
Nice shape pointing in the right direction.
Has to break one way or the other, and, since it is solid fundamentally, I am figuring it will break more to the upside. Of course, what do I know? 

52wk Range: 2.22 - 6.27
Volume: 2,441,425
Avg Vol (3m): 1,387,120

[la-onda]

Q4 results from Dec 12th:
http://biz.yahoo.com/iw/071212/0339491.html

November presentation:
http://www.tasekomines.com/i/tko/TKO_Nov07_Eigenkapital-presentation.pdf

chart quotation:(inverse head and shoulder coming ?)

[setravis]

Aside from being solid fundamentally, look at the chart.
Nice shape pointing in the right direction.
Has to break one way or the other, and, since it is solid fundamentally, I am figuring it will break more to the upside. Of course, what do I know? 

Now might be the time...
Long TGB after doing some DD last night, see you guys higher.
What are your thoughts ?   
I like this one and MGN and CDE.


52wk Range: 2.43 - 6.27
Volume: 4,139,233
Avg Vol (3m): 1,391,250
Market Cap: 890.57M
P/E (ttm): 16.20
EPS (ttm): 0.392

Technicals
Last Price Quote is:
20.92%above 13-day MA
33.87%above 50-day MA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): $116.49 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 05/19/2008
Last Analyst Rating: N/A

[David Randolph]

I was wrong on my outlook for TGB due to the following factors:

1 - Dilution over the past 12 months was heavy, but not as much as I expected;

2 - The Canadian dollar strengthen significantly versus the USD;

3 - The $copper price almost doubled;

4 - The earnings multiple of copper mining companies expanded significantly, from roughly 11 to the current 15.

What does this tell me?

It's very hard to make forecasts, especially for the future

Fundamentals keep changing and usually the stock price precedes the change in fundamentals.

Anyway, TGB is here at the Watch List, wild swings over the medium term:

[setravis]

Got to update things to know where they are at...
no updates ...no knowledge !

[setravis]

updated chart look....

The Golden Cross!

52wk Range: 0.54 - 5.46
Volume: 3,744,680
Avg Vol (3m): 1,422,610

Technicals
Last Price Quote is:
11.69%above 13-day MA
22.07%above 50-day MA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): $116.49 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 08/11/2009
Last Analyst Rating: Buy

[setravis]

Updated chart look...
Looking good!

[setravis]

Bouncing again off the 50-day MA...
Buy again to gain more
is among the most solvent and profitable mining companies.
Operations in molybdenum, gold, and copper mining and exploration for niobium in Canada.


52wk Range: 0.54 - 5.20
Volume: 1,957,277
Avg Vol (3m): 1,920,160

Technicals
Last Price Quote is:
1.36%above 13-day MA
9.64%above 50-day MA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): $116.49 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 08/11/2009
Last Analyst Rating: Buy

[setravis]

Under the radar.......
13-day MA crossing over the 50-day MA...


52wk Range: 0.54 - 3.88
Volume: 3,040,021
Avg Vol (3m): 1,760,190

Technicals
Last Price Quote is:
18.84%above 13-day MA
25.28%above 50-day MA
RS Rating: N/A 

Fundamentals
Key Data:
Market Cap (M): $116.49 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 08/11/2009
Last Analyst Rating: Buy

[setravis]

Taseko Announces Second Quarter Financial Results

VANCOUVER, Aug 11, 2009 /PRNewswire-FirstCall via COMTEX/ -- Taseko Mines Limited ("Taseko" or the "Company") reports the results for the three and six months ended June 30, 2009. This release should be read with the Company's Financial Statements and Management Discussion Analysis, available at www.tasekomines.com and filed on www.sedar.com . Currency is Canadian dollars unless otherwise indicated.

For the quarter ended June 30, 2009, the Company reports an operating profit of $16.7 million and net earnings of $11.4 million or $0.07 per share ($0.06 per share fully diluted). This compares to an operating profit of $6.6 million and net earnings of $3.5 million for the quarter ended March 31, 2009. Revenue for the quarter was $52.6 million from the sale of 21.0 million pounds of copper and 216,000 pounds of molybdenum at an average realized price of US$2.10 per pound for copper and US$10.56 per pound for molybdenum.

Russell Hallbauer, President and CEO of Taseko commented, "Since the beginning of the year our operating margins have increased on a month over month basis, as a result of cost containment initiatives and the strengthening copper price.

With our balance sheet in very good shape, and growing cash flows, we are aggressively working to complete the few remaining capital expenditures required to boost our concentrator throughput capacity to 55,000 tons per day.

Our newly installed Vertimill, along with additional flotation capacity, will give immediate copper recovery improvements. We expect to increase the ore crushing capacity by mid-2010, with the commissioning of our new in-pit crusher and overland conveyor system. The combination of the additional flotation capacity and increased crushing and grinding capabilities will increase our metal production capacity at Gibraltar to an estimated 115 million pounds per year by the middle of 2010.

As well, Gibraltar's management team recently completed a Business Improvement Initiative. This initiative has identified $20 million worth of annual cost saving improvements that we are presently engaged in addressing.

In conjunction with increased concentrator throughput, improved metal recoveries, a reduction of mining costs as we maximize the productive capacity of our new mining fleet and our focus on the Business Improvement Initiative, Gibraltar's management team will continue to push Gibraltar down the cost curve enhancing our profitability."

Mr. Hallbauer concluded, "We are also extremely pleased with the progress of the Environmental Review of our Prosperity Project over the past three months. The Provincial and Federal agencies are progressing with their work as we had envisioned.

The Federal Department of Fisheries and Oceans has provided clarification on its evaluation of our compensation plan for Fish Lake and is harmonizing those efforts with Provincial agencies. This is a very important step for the Project.

We anticipate receiving our Environmental Assessment and we see no obvious encumbrances that would prevent Prosperity from becoming a long life mine, like Gibraltar, contributing economic returns to our shareholders and creating thousands of direct and indirect jobs in the Cariboo region."

The Gibraltar mine operated for the first six months of 2009 under a plan initiated in November 2008, based on 45,000 tons per day ("tpd") mill throughput and mining at a significantly reduced strip ratio. This new operational plan, along with declining input costs and the realization of the Phase 1 expansion, resulted in substantially reduced costs compared to prior years. The mine is currently reviewing a return to deposit average strip ratio based on recent strength in copper and molybdenum demand and corresponding increases in metal prices.

Copper in concentrate production during the three-month period ended June 30, 2009 was 19.1 million pounds, a decrease from the 19.7 million pounds produced in the first quarter of 2009 as a result of lower copper grade, partially offset by improved recovery. Three-month molybdenum in concentrate production increased from the first quarter of 2009 because of higher grades.

Copper in concentrate production was 38.3 million pounds and molybdenum in concentrate production was 404,000 pounds in the six months ended June 30, 2009. Copper cathode produced over the six months has been 700,000 pounds. These figures are in line with annual production guidance of 80 million pounds of copper and 800 thousand pounds of molybdenum.

Cash costs of production during the quarter ended June 30, 2009 was US$1.30 per pound, a 60% decrease in cost from the same quarter of 2008, and a 10% increase over the first quarter of 2009. Over the six months of 2009, the average cost of production has been US$1.23 per pound.

Fixed Infrastructure Upgrades and Installations

Construction of the Phase 1 mill upgrade was completed in February 2008. The ramp up to the rated processing capacity of 46,000 tons per day has been essentially achieved during the first half of 2009 as mill operations personnel continue to refine the metallurgical performance relating to grind size at higher mill throughput rates and metal recovery. Copper recoveries have increased from 73.2% in October 2008 to average 83.0% in the first half of 2009.

Current upgrade construction work consists of modernizing and increasing the capacity of the regrind and cleaner flotation circuits to increase throughput capacity and improve metal recovery. This portion of the work will be completed in August and recovery improvements are expected to be realized quite quickly. Further planned upgrades consist of improvements to ancillary circuits along with installation of a two-stage tailings pumping system, designed to increase concentrator capacity from 46,000 to 55,000 tpd. In the fall of 2009, work is expected to resume on the installation of an in-pit crusher and conveyor system and a Semi-Autogenous Grinding ("SAG") mill direct feed system, which will eliminate the materials handling issues in the secondary crusher circuit. Ramp up to 55,000 tpd will occur following completion of the above infrastructure upgrades and installations.

Forward Looking Statements

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include capital market conditions, commodities market prices, exploitation and exploration successes, lack of continuity of mineralization, completion of the mill upgrade on time estimated and at scheduled cost, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, Investors should review the Company's annual Form 40-F filing with the United States Securities and Exchange Commission or the Company's home jurisdiction filings at www.sedar.com .

SOURCE Taseko Mines Limited