r/wallstreetbets Feb 23 '21

Walking into the stock market today Meme

67k Upvotes

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7k

u/DreyfussHudson Feb 23 '21

Time to buy that unprofitable mining company I always wanted

155

u/TheRealMrTrueX Feb 23 '21 edited Feb 23 '21

People joke but I bought a few thousand shares TGB (Taseko Mines) @ $1.12, was over $2 today and earnings are Friday. They also got approved for a new expansion and copper plant.

(+56.40%) Past Month

Up 400+ % YTD

39

u/AssociationHappy67 Feb 23 '21

Copper will pay big this year ..maybe late summer I'm all in..

4

u/SHPARTACUS Feb 23 '21

Why what is your theory and what copper stocks do you like?

9

u/MoreNormalThanNormal Feb 23 '21

Demand for copper pipe in a certain state?

2

u/The-True-Kehlder Feb 23 '21

Or PVC, it's cheaper, innit? Anyone know of any publicly traded plumbing supply wholesaler that services East Texas?

4

u/BrotherOland Feb 23 '21

It's used for sanitizing.

2

u/PM_Me_Accounts_rGay Feb 24 '21

The theory is EV companies need copper I believe.

1

u/AssociationHappy67 Feb 25 '21

Copper mountain up like 40% this week it's like a 2$ stock.. I'm into the mining lately ,,

5

u/elzayg Feb 23 '21

Copper ore mining is grossly destructive - look at resolution mine in Oak Flat, AZ. Screw anything that supports that bs.

4

u/PM_Me_Accounts_rGay Feb 24 '21

The play is also overseas copper miners.

1

u/waffleschoc flair Feb 24 '21

me too