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« GOLD: Inverse movement to the US$ or a breakout? | Main | An opinion from a Chinese reader »
Saturday
Nov182006

TASEKO MINES LTD: Disappoints

Along with copper, Taseko (TGB: AMEX) is just not performing so we think it prudent to vastly reduce our holding in this company.

The housing market in the US is falling off a cliff and the Chinese economy is said to be slowing. These two facts, real or imagined are effecting investor perception in a negative way.

We have looked at this situation long and hard and decided not to fight it, instead we have reduced our holding considerably. For the time being our exposure to TGB will be minimal.

Investment is all about performance and TGB just isn’t performing. When comparing its performance with other opportunities it is sadly lacking.

The money will go onto the sideline for the moment as we finalise our research in other areas. As soon as we are ready to jump back into the market we will publish what we are buying and why. For now just sit tight.

18 November 2006

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Reader Comments (2)

Honestly, I've made similar considerations but have not taken my decision yet. For the moment I shall hold and wait as the situation seems kind of similar to Aug/Sep 2004, where the macd & dmi in the weekchart took quite long to turn clearly positive.

On the other hand, I can imagine investors are not too impressed with this year's EPS. In 2007, TGB better create some shareholder value.

November 20, 2006 | Unregistered CommenterJoey

Our thoughts were along the lines of not sitting with it should TGB want to retrace its steps. We have stayed with stocks in the past that have displayed similar characteristics and had to hold for long time to recoup our investment. We are just not comfortable with this one at the moment.

The trend is your friend as all the experts tell us!
Please let us know when you have come to a conclusion.

November 20, 2006 | Unregistered CommenterBob

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