I've been eyeing Taseko Mines and Peter Grandich
posted today that he bought a lot of shares on Friday. What's there to like about TKO-T?
- forward PE of 5.5
- low political risk
- New Prosperity Cu-Au project in BC
- locked in $3.50/pound Cu price through 2012
I bought at $3.96 in my TFSA and it's been a dog since my purchase in early September. I wanted to buy Pretium, but it was too high by the time I was ready to buy and I went with TKO, SGC and PPI. All disasters. Hopefully, TKO will get back up to $6-7 some day.
Well, TKO-T took another dive to a new 52 week low today. SGC-X hit a new 52 week low. RG-X also nosedived along with FED-X. The pain continues. Only bright spot is I cashed out on GBG-T to make $84 (to switch into TKO-T).
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