Uic outlook
Am I the only one who thinks the market for Hermes 3000s is absolutely insane? Or am I a pinecone?
2023.02.27 21:32 nitrojaketf Am I the only one who thinks the market for Hermes 3000s is absolutely insane? Or am I a pinecone?
Collector here, new to Reddit, but collecting Typewriters since Freshman year of High School. About 14 years. Got a pretty decent collection going.
I used to own a Hermes 3000 a few years ago, I sold it to some UIC student for $140 a few years ago. It was an average antique store machine, it typed well, but it wasn’t perfect. Recently, I hopped back on rEEEbay and FB marketplace to check the listings, because I am in the market for another one. And sure enough both websites are absolutely packed with them with an average price tag of (Arm/Leg)
I honestly think the asking prices of these machines is rather crazy. The machines are very aesthetically pleasing, and reliable, but in the vintage typewriter world, Hermes 3000s are about as common as a Golden Retriever. They’re everywhere.
If I were to spend around $600+ for a machine, (targeting in between the low/high here) it sure wouldn’t be a Hermes. The only 2 machines that I would be willing to fork that kind of money for would be an Oliver No. 2, or a Williams. Are the prices crazy? Or am I a pinecone? Honest question with context to my outlook.
submitted by nitrojaketf to typewriters [link] [comments]
I used to own a Hermes 3000 a few years ago, I sold it to some UIC student for $140 a few years ago. It was an average antique store machine, it typed well, but it wasn’t perfect. Recently, I hopped back on rEEEbay and FB marketplace to check the listings, because I am in the market for another one. And sure enough both websites are absolutely packed with them with an average price tag of (Arm/Leg)
I honestly think the asking prices of these machines is rather crazy. The machines are very aesthetically pleasing, and reliable, but in the vintage typewriter world, Hermes 3000s are about as common as a Golden Retriever. They’re everywhere.
If I were to spend around $600+ for a machine, (targeting in between the low/high here) it sure wouldn’t be a Hermes. The only 2 machines that I would be willing to fork that kind of money for would be an Oliver No. 2, or a Williams. Are the prices crazy? Or am I a pinecone? Honest question with context to my outlook.
2023.02.05 16:31 DoctorD757 Does anyone know what causes "abnormally low water levels" in the Chesapeake Bay?
 | submitted by DoctorD757 to Virginia [link] [comments] |
2022.10.07 00:00 MyThickPanda UIC Ski and Snowboard Club Wyoming Ski TRIP!!!!
 | Hey all! The UIC Ski and Snowboard Club is announcing their annual Ski trip to Jackson Hole Wyoming! This trip will be held from Dec 11th-15th. It will be a package deal that includes 5 nights lodging, a 3 day lift ticket and discounted rentals! The package is available for $799 (you can get an additional 4th day lift ticket for $110 extra). Lodging will be at the Cowboy Village, near the resort which offers free shuttles to the slopes! Expect to be skiing/snowboarding during the day, and partying/bar hopping during the night! If you or anyone you know might be interested in signing up for this trip, use the following link: https://outsidelifegw.com/reg/dnc It is open to both students AND UIC Alumni!!!! submitted by MyThickPanda to uichicago [link] [comments] Make sure to put in your refundable $100 deposit by October 10th so you can secure your spot on the trip. After that, you wont be able to sign up. If you have any other questions, feel free to email [[email protected]](mailto:[email protected]) or [[email protected]](mailto:[email protected])! https://preview.redd.it/3jl9x33rc9s91.jpg?width=1080&format=pjpg&auto=webp&s=d5481636d96ba928e3c2128dbfae880437189ad9 |
2022.07.05 06:45 saxoaustralia US weighs up scrapping China tariffs, RBA likely to make a record hike, Euro faces more selling
 | Summary: APAC market sentiment boosts as the US is potentially scrapping China tariffs in bid to decrease inflationary woes. Gas and oil prices set fresh highs, boosting energy stocks again. Coal futures show no signs of slowing down, jet packing coal stocks off their lows. The RBA rate decision today will likely spook ASX rate sensitive sectors and pump life into AUD. We map out a checklist of why the RBA will be forced to be more hawkish than expected, and think rates could rise by 0.75% today. Japan's real cash earnings fall, justifying the BOJs accommodative policy and complete divergence to the world. Plus why the Euro could get lower against the USD submitted by saxoaustralia to saxoaustralia [link] [comments] What's happening in markets?APAC equities push up as risk sentiment improves with China tariffs being potentially scrappedWhile APAC markets had no US markets leads to follow (they were closed for US independence day holiday) APAC markets took their leads from Europe’s Stoxx 50 rising, buoyed by gains in energy stocks after the Oil WTI price rose 2.5%. and European Gas prices rose to a 4-month high. That saw TotalEnergies (TTE), and Eni SPA (ENI IM) rise 4.6% and 2.4% respectively, leading other energy and commodity names higher. The second reason APC sentiment is upbeat today is that President Biden focused on the inflation agenda ahead of the midterms, and now discussing potentially scrapping some China tariffs in a bide to cool inflation woes. Despite any detailed plans markets reacted positively. Also helping was that China’s improved services PMI print boosted sentiment, taking the focus away from recession concerns for now. Australia’s ASX200 (ASXSP200.1) trades 0.13% higher, Japan’s Nikkei (NI225.I) was nearly 1% as semiconductor stocks were pushed higher on tariffs news. Singapore’s STI (ES3) was however still in red, down about 0.25%.Chinese equities bounce on the prospect of easing on US tariffs and better than expected Caixin Service PMIStocks traded on the Hong Kong and mainland China bourses got a lift form the WSJ report on President Biden’s inclination to reach a decision to relax some tariff on goods form China as early as this week. inclining to come to a decision to ease tariffs on goods from China set a positive tone before HK/China open. It was also reported that China’s Vice Premier Liu He had a video call conversation with U.S. Treasury Secretary Janet Yellen on the global economy, global supply chains and U.S. tariff on Chinese goods. Helping the sentiment further, Caixin Services PMI, came at a much better than expected reading of 54.5 for June (vs Bloomberg consensus: 49.6; May: 41.4), returning to expansionary territory. The risk of resurgence of Covid-19 cases however continued to hang over sentiment. For July 4, 335 cases of locally transmitted cases were reported in mainland China. Hang Seng Index (HSI.I) was up as nearly 1% and CSI300 (000300.I) gained modestly as of writing.Crude oil gains reflect the energy market fundamentals The energy market has been relatively stable despite the buildup of recession fears, highlighting the true state of supply shortages which cannot be offset by possible demand destruction. WTI crude is back above $110/barrel, up over 2.5% in Asia amid an improved risk sentiment, and Brent crude is up at $114/barrel. While near-term pressures are still likely as markets fear a recession, but tight supplies will likely keep prices pressured higher in the medium term. AUDUSD continues to move up off 2-year lows ahead of RBA rate hike; which could be a 0.75% hike, the biggest rise since 1994 The commodity currency AUD is rising 0.3% today ahead of the RBA’s decision with a 0.5% rate hike widely expected. Our view is the rates could rise by 0.75%, which will mark the biggest hike since 1994, and take the cash rate to 1.6% in an attempt to curb inflation and cool growth. We know higher food, fuel and utility prices are likely to continue to swell and wage growth is expected to mount. What’s next for AUDUSD? If the RBA hikes by more than 0.5% the AUD could rally up from 0.6888 US, (its two day high), to the next level of resistance 0.69687. However, If the RBA disappoints, and only hikes by 0.25% the AUD may see weakness, and be pressured back to 0.6816. If that level breaks, the next level support the AUDUSD is 0.6500. USDJPY breached 136 again as yields back in play President Biden’s announcement on possible relaxation of China tariffs helped take the focus off recession concerns and risk sentiment improved. US Treasury yields pushed higher with 10-year back to 2.95% and 2-yaer up at 2.92%. This weighed on the yen as well, and USDJPY surged back higher above 136, getting back in close sight of 137 which has been tough to penetrate so far. US Treasury Secretary Janet Yellen will be in Japan next week, there remains a possibility for discussion on currency intervention. Still, looking at the path of US inflation ahead of the midterm elections, it is hard to believe that option being taken up in a coordinated manner. EURUSD still poised to test 1.0350EURUSD has been stable around the 1.0440 area. However, Germany’s first trade deficit since 1991 highlights the scale of the headwinds faced by the Eurozone in general. Given the nature of Germany’s exports which are commodity-price sensitive, it remains hard to imagine that the trade balance could improve significantly from here in the next few months given the expected slowdown in the Eurozone economy. Meanwhile, high energy prices will still continue to take a toll on the trade balance as well, and possibly dampen the sentiment on EUR. EURUSD is likely to find it tough to go above 1.0500 in a sustained manner, and focus is therefore on the 1.0350 support.What to consider?The RBA has room to be more hawkish/aggressive and could rise rates to 4% this year? Here's our take and the reasons why;
Japan earnings highlight the missing wage inflation feedback loopJapan’s labor cash earnings were up only 1% y/y against expectations of 1.5% y/y, with real cash earnings down 1.8% y/y. That means the inflation pressures we have been seeing lately are not creating a feedback cycle to wages, and consumption will likely remain subdued. This gives more reasons to Mr. Kuroda to justify the accommodative policy for the Bank of Japan which is a complete divergence to the global tightening regime we are in currently.South Korea’s inflation spike sends a chilling reminder to the regionSouth Korea’s headline CPI for June came out at 6% y/y from 5.4% y/y in May. This was the fastest pace since November 1998, despite subsidies and price caps, suggesting that more outsized rate hikes are possibly coming to Asia as well. Bank of Korea’s rate decision is due July 14, and the bank may need to consider a 50bps rate hike to 2.25% to fight inflation pressures after five hikes of 25bps each have been announced so far. While growth still remains strong in the region, aggressive tightening would mean some slowdown is likely in the months ahead.Germany reported its first monthly trade deficit since 1991 and plans a law for takeover of gas supply firms.In May the deficit reached €1bn. This is not surprising. Export-oriented economies suffer from the rise in the price of imported goods. On top of that, the economic outlook weighs on the demand for exported goods thus generating a negative effect on growth. This is not worrying, at that stage. Secondly, consider... the Germany government is said to now creating the legal basis for taking over energy companies. The draft is said to have already been agreed with the factions of the traffic light coalition. This officially aims to regulate financial aid up to and including a state entry in order to be able to avert the bankruptcy of a gas supplier. Germany is facing a tough time. The country’s natural gas storage occupancy is rather low compared to other European countries, at 62% against 97%for Portugal, for instance. If the next winter is very cold, expect supply issues in Germany and certainly in many other European countries to worsen. Potential trading and investing ideas to considerAustralia braces record cold temps, coal stocks move up of fresh slowsWith Coal Futures in Newcastle prices rising an anticipation of the demand/supply situation worsening and likely to deteriorate in the future; Australian coal stocks are once again forming signals of a pick up. Australia’s winter electricity demands are rising and are likely to increase as record low July temps rise could fall again. All while, Australia’s biggest source of energy, coal, remains in tight supply. As such coal giants like Whitehaven Coal (WHC) and New Hope Coal (NHC) and Coronado Global (CRN) have all rallied up off their three day lows. These stocks are also some of the best performers this year. That being said, the coal giant Whitehaven Coal (WHC) is trading 11% lower than it’s record high. The technical indicators look interesting and suggest the WHC rally could continue up from the June 29 low.____ For a weekly look at what traders and investors are watching - tune into our Spotlight. For a global look at markets – tune into our Podcast. US weighs up scrapping China tariffs, RBA likely to make a record hike, Euro faces more selling Trading can result in losses. Please refer to our PDS & TMD via home.saxo/en-au |
2022.05.06 23:20 brownman917 [ISO] Participants Needed!!
![[ISO] Participants Needed!!](https://b.thumbs.redditmedia.com/OvJE3YtnkaTXHlIdBr-PQmRaa4zw7RDbC44Eh_EDUYE.jpg "[ISO] Participants Needed!!") | submitted by brownman917 to ChicagoList [link] [comments] Hey everyone! Dr. Natania A. Crane (PhD) at the University of Illinois at Chicago is conducting a research study on how people respond to recreational drugs. The goal of the study is to understand how people’s feelings and behavior may respond to different recreational drugs. You may be eligible to participate if you: • Are 18-25 years old • In good health. If you are eligible and agree to participate you will undergo: • A psychiatric interview. • Two sessions with electroencephalography (EEG) and functional magnetic resonance imaging (fMRI) to non-invasively measure brain function. • Be randomized to receive one of the following drug classes: stimulant, sedative, cannabinoid, or placebo. The total time that you will be involved in this study is 3 visits over approximately three weeks to two months. You are expected to be in the study for about 15-16 hours total. Volunteers will be compensated up to $288 total for their time. All information you give is confidential. If you are interested in participating please fill out our survey: https://redcap.link/rewardlab You may also email us at [email protected] |
2022.02.02 21:42 cep204 UIC COVID-19 Contact Tracing Position
Hi everyone! Posting this here to get the word out that the contact tracing team is hiring. The team is a great collection of undergrad and graduate students from different colleges all working to keep the campus safe!
The COVID-19 Contact Tracing and Epidemiology Program based in the Division of Epidemiology and Biostatistics at the UIC School of Public Health is seeking additional graduate and undergraduate students (Graduate/Undergraduate Hourly) to assist with the University’s efforts to combat COVID-19 through effective, timely, and empathetic contact tracing. The Campus COVID-19 contact tracer is responsible for performing the initial interview of campus persons (students, staff, faculty) with probable or confirmed COVID-19 infection to gather information necessary for public health case investigation and contact tracing. These efforts are essential for ensuring a safe environment through the isolation and quarantine of persons infected with, or exposed to, COVID-19. The contact tracer will maintain contact with students, staff, and faculty diagnosed with COVID-19 and will aid in determining exposure, monitor symptoms, refer individuals for testing and further medical care in accordance with established protocols, and provide public health guidance. The contact tracer will maintain ongoing communication with contacts to assess symptoms, ensure compliance with post-exposure requirements, and address social support needs and/or compliance issues that arise.
Responsibilities:
submitted by cep204 to uichicago [link] [comments]
The COVID-19 Contact Tracing and Epidemiology Program based in the Division of Epidemiology and Biostatistics at the UIC School of Public Health is seeking additional graduate and undergraduate students (Graduate/Undergraduate Hourly) to assist with the University’s efforts to combat COVID-19 through effective, timely, and empathetic contact tracing. The Campus COVID-19 contact tracer is responsible for performing the initial interview of campus persons (students, staff, faculty) with probable or confirmed COVID-19 infection to gather information necessary for public health case investigation and contact tracing. These efforts are essential for ensuring a safe environment through the isolation and quarantine of persons infected with, or exposed to, COVID-19. The contact tracer will maintain contact with students, staff, and faculty diagnosed with COVID-19 and will aid in determining exposure, monitor symptoms, refer individuals for testing and further medical care in accordance with established protocols, and provide public health guidance. The contact tracer will maintain ongoing communication with contacts to assess symptoms, ensure compliance with post-exposure requirements, and address social support needs and/or compliance issues that arise.
Responsibilities:
- Conduct telephone interviews with individuals diagnosed with COVID-19 infection to gather information about symptoms, exposures, and contacts (i.e., persons the case has been in contact with while potentially infectious).
- Provide individuals diagnosed with COVID-19 infection information about COVID-19 illness and methods of disease prevention and control.
- Assess the capability of individuals diagnosed with COVID-19 infection to comply with isolation protocols and identify and connect them with the types of support and services they may need during their period of isolation.
- Identify individuals diagnosed with COVID-19 who meet high-risk criteria for severe outcomes and ensure proper follow up through health care providers or specialists either externally or internally to UIC.
- Identify and rapidly notify contacts of diagnosed patients through e-mail, phone calls and other platforms when necessary.
- Assign risk categories depending on the contact’s underlying medical conditions, occupation, living situation and level of contact with case, and understand protocol for each risk category.
- Provide contacts with approved information on appropriate post-exposure procedures, including quarantine, symptom monitoring, and testing.
- Educate individuals on the appropriate public health requirements for individuals prior to and post travel.
- Systematically collect and record detailed information in local databases, primarily in REDCap.
- Participate in continuing training as protocols are adapted to adhere to local, state, and federal public health guidance.
- Communicate with individuals in a professional and empathetic manner maintaining emotional and cultural awareness and ensuring confidentiality of individuals.
- Communicate with your team and supervisor when contact cannot be made with an individual and understand the best way to address the problem.
- Maintain continuity of care for rapport with assigned cases and contacts and facilitate timeliness of case investigations by communicating, completing scheduled calls, and promptly responding to emails with them even if outside of scheduled work time.
- Perform other related duties and participate in special projects as assigned. These may include doing COVID-19 educational outreach to students on campus, promoting appropriate masking in campus buildings, promoting influenza vaccination, and assisting the COVID-19 testing program.
- Enrolled student at UIC.
- Bachelor’s degree in public health, health sciences, or a related field (for graduate students).
- Excellent communication and organizational skills, and attention to detail.
- Ability to interact appropriately and effectively with a wide range of individuals.
- Superior skill in multi-tasking, organization, and time management.
- Ability to adapt quickly to evolving public health guidance while maintaining excellent attention to detail.
- Computer skills are necessary and should include the ability to quickly learn how to navigate multiple databases and software programs following training.
- Equally comfortable working individually and within a team environment that emphasizes interdisciplinary collaboration in a dynamic health sciences college.
- Graduate students can submit an application through the following link: https://jobs.uic.edu/job-board/job-details?jobID=148364&job=grad-hourly-covid-19-contact-tracer
- Undergraduate students can submit an application in Handshake: https://uic.joinhandshake.com/login
2022.01.25 15:26 Ok_Barnacle6732 LAST CHANCE LETS WORK HARD
Good evening. As you know from my updates, the National Restaurant Association has been leading the fight to replenish the Restaurant Revitalization Fund. Our best and possibly last chance to get it done is coming up in Washington. Please see the latest message below from Sean Kennedy at the National Restaurant Association. There is a “Take Action Now” link at the bottom of his message. I strongly urge you to click it and increase our collective voice. It only takes a few minutes, but the impact could last a lifetime. I need you to click on it, your entire team to click on it and then for you to send to everyone in your network to click on it. Even if you have received RRF we need you to send this. It will benefit everyone if we have more resources and a stronger system financially. I’m not one for sports metaphors, but they certainly fit today. When it comes to replenishing the Restaurant Revitalization Fund (RRF) – we’re at the bottom of the ninth, the final minutes of the third period, or the two-minute warning in the fourth quarter.
Put another way: Congress is looking at two dates – all government spending expires on February 18. President Biden delivers his State of the Union Address to Congress on March 1.
At some point in between those two dates, Congress is going to pass a large spending bill, likely their only one for the year. If the RRF is going to be replenished, it will happen at that point. So we need to be as engaged as ever.
Today, we are releasing the results<https://na01.safelinks.protection.outlook.com/?url=http%3A%2F%2Frestaurant.linksto.net%2Fls%2Fclick%3Fupn%3DRQBYDu-2B82tRTm9xyAaprjSTSTjlBORlInWSj62lV4m1sL7qIwqjvPR8l5MaPHaTzrqsxl9M0WZcZN9R90NpFHmjZP4WZrhj0xfMjhYJKyyQQjZOFXrQOpCNTej4yVWBvkEVsWggNKMk-2FjjwLKvx212oCHZtPP0xKKNNVq7Hf-2Bow-3D5-Z1_MjFPikWoCmv8aAb7xuiZzKW7Po87WsNTGy6N27IgHo9-2FgkBD-2FAHOqvmSe2wH9UbK2vik90s-2BfQ3fu-2FeASOLw-2FAZt9btFY-2FrGhGky3fyF1XCQvq8v9OFUxc7lHDZ6Tt47zNrVwmTlx5CpSPGdEVvkBM78MUKH2RUrkrGQxz2V9CUaWXq2eGPh2UwmCMavNlpZMlp0sT287Ev1OfL9PCLpnQRM4DWVbjCfVTTxC8-2FuByT2amgL11IIrs6p-2BSa-2F4VaZVwUEUgCvQev7RwC7-2BQOTWPvFbyX1D4DfQRiMAsvJO4Mqiq1NjZPQ5UeQDGRhImO-2BlPLMoVSiv-2BIC5IPf5-2BvaPw-3D-3D&data=04%7C01%7C%7C12a644a000954e0e190d08d9dfabf0e1%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637786751848532154%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=RBR6IUC6%2FbrWn5uIoaVrW6HBIvfQz0Y6w3QPfp1kUic%3D&reserved=0> of the largest economic survey we’ve ever done on impact the RRF had on restaurant operations and the tremendous unmet need for replenishing the funding. We’re holding a national press conference later today and already have briefings about the state of the industry and the impact of omicron on our operations planned on Capitol Hill.
Here’s part of what we’re telling Congress today: · 88% of restaurants experienced a decline in customer demand for indoor on-premises dining because of the omicron variant. · 76% of operators report that business conditions are worse now than three months ago. · 74% say their restaurant is less profitable now than it was before the pandemic.
And we know that the Restaurant Revitalization Fund works. For operators that received an RRF grant: · 96% said the grant made it more likely that they would be able to stay in business. · 92% said the grant helped them pay expenses or debt that had accumulated since the beginning of the pandemic.
The National Restaurant Association estimates that over 900,000 restaurant jobs have been saved by the initial round of RRF grants.
But for those 2/3 of applicants still on the sidelines waiting for action from Congress, the need to replenish the RRF is clear: · Nearly 50% of restaurant operators that did not receive RRF grants feel it’s unlikely that they will stay in business beyond the pandemic without a grant. · 94% of restaurant operators waiting for an RRF grant say the program would enable them to retain or hire back employees.
So where do things stand in Congress? The Senate needs to take the lead and demonstrate there are 60 votes in support of replenishing the RRF. The surest way to prove that support is for your Senators to formally cosponsor S. 2675, the “Continuing Emergency Support for Restaurants Act”<https://na01.safelinks.protection.outlook.com/?url=http%3A%2F%2Frestaurant.linksto.net%2Fls%2Fclick%3Fupn%3DRQBYDu-2B82tRTm9xyAaprjU2ii6vRmgdVqhkqguTSfb541fRcusiAFGT39r46z2a1oeHj-2BiROe3WD5HOdbn4kX4vsz-2FiQu4lnRuXnpgJGu9QaYEekGwYvGzGji5tU5vzckloPaU2MIYMle23OnRo19T5LDmJO6emz1PxUXGKyFjyfqygrmMpQtUcUCVCT9PNU2kPVdYw6nnHKd4StLaRxs5RpAllS-2BLiuDQQ3wwZToHWYWpM9JxtDoXa0PmNHONnpqlIDLZ7OLwiLL2dGvZ77krhoOyZCmwVPLnUO1PjRqT02l7Sk1WC-2BTohKsb959vH2w84TzkZlWTdQIkehzxNVhE9maPa5ZAoQFTpVkne3B5xorYfPT4Qo3xw1WRXBbfjFhxNjtNS2lMrAG1hOX-2BLC19qnIS-2B0pNMj610p6pJAU4rNlkb-2FI8ccXEK-2F-2FFZH6a89xyQhkP0-2BMdCUiq-2F8jwU35S7Pq5rntkLYukQmSW8dFsG6s-2F0pGnaaKz6vEtN99kck09dcxrFwNS7uMHH5OZf-2BXoCTWXKekJ0I50wFWBhp7xopJzLuCviDqEX-2BkVAGbu-2FOz0fOaP-2BI9IG-2BLHYlyla6EbI8MzyiaIh-2Fguw66CNJtUs-3DrNgv_MjFPikWoCmv8aAb7xuiZzKW7Po87WsNTGy6N27IgHo9-2FgkBD-2FAHOqvmSe2wH9UbK2vik90s-2BfQ3fu-2FeASOLw-2FAZt9btFY-2FrGhGky3fyF1XCQvq8v9OFUxc7lHDZ6Tt47zNrVwmTlx5CpSPGdEVvkBM78MUKH2RUrkrGQxz2V9CUaWXq2eGPh2UwmCMavNlpZQbCnzwc9-2Fm-2B5-2F2R8nLBgb5IA151t-2FrtiFgn7jw2-2FTT5vNO4fwKmQ-2B2AUVbjo-2B6rOeVSnM-2BTVhtefUV9OA10ntjN17yqQWfTiefmcChkrXJQwi2gj0O0tiVoXbHVqX7OTyhmuMDcCsA-2F4EOCBM-2F6Nog-3D-3D&data=04%7C01%7C%7C12a644a000954e0e190d08d9dfabf0e1%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637786751848532154%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=9bAaHhzkAOu2yK9ayIeZutTYbGr9yCSyjmLSINb9kDo%3D&reserved=0> – critical legislation that would fully fund the RRF for all pending applications. And we need the Senate to add this legislation to any government spending package.
We are kicking off a new multi-week campaign today – ranging from press conferences in local communities, even more Hill visits and advocacy, and new digital ads to ensure that the public understands that our industry recovery is officially in reverse.
Will you join our campaign <https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fp2a.co%2Fb8aNpDA&data=04%7C01%7C%7C12a644a000954e0e190d08d9dfabf0e1%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637786751848532154%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=soICvaTAWV%2FKsc69RleI2ubFEM%2FfTa%2FGyDrICObhdm0%3D&reserved=0> and add your voice to our heightened efforts? Congress will hear our call from here in Washington, but your Senators need to hear from you. Even if they are a cosponsor, they need to act and ensure that RRF funding is a part of a government spending deal.
You’ll be hearing more from us and our state restaurant association partners in the days and weeks to come. I am so proud of our efforts to create the Restaurant Revitalization Fund<https://na01.safelinks.protection.outlook.com/?url=http%3A%2F%2Frestaurant.linksto.net%2Fls%2Fclick%3Fupn%3DRQBYDu-2B82tRTm9xyAaprjdfiieONWWZ3Wg9xX9LDScszCdsSKkZaDxV5mcAuWVpBjodcRMNKUruQ9IYEUbFC0iWrWQc-2FmiobKke0YrXKIm6BwW-2FaS0TbvWO5UBsxkByWDLy-2Bx-2B6AfLb6AbaCDblQG9gVWO1NxUWqWR-2Bt4lEgb2A-3D9-yY_MjFPikWoCmv8aAb7xuiZzKW7Po87WsNTGy6N27IgHo9-2FgkBD-2FAHOqvmSe2wH9UbK2vik90s-2BfQ3fu-2FeASOLw-2FAZt9btFY-2FrGhGky3fyF1XCQvq8v9OFUxc7lHDZ6Tt47zNrVwmTlx5CpSPGdEVvkBM78MUKH2RUrkrGQxz2V9CUaWXq2eGPh2UwmCMavNlpZSVwerENP2JvCuoXwd0F0pYnIlm1XEwTSskSU4AoNguOqaioKNbU9NJsrgfkJm8Ukt9q3WrYemRia0WigGvyzcSAYMVK-2FhWmnjnGFulkH58n9MPntQksOu59icfdInkP-2F4tX11B8ZbSiU-2BW2UiyO97g-3D-3D&data=04%7C01%7C%7C12a644a000954e0e190d08d9dfabf0e1%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637786751848532154%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=WQRrjJrxF7CCeWVU4el2MNeRJTALkPD%2Fw%2BRzBxp3YZI%3D&reserved=0>, to ensure it covered every type of small restaurant owner, and to keep restaurant recovery as a priority for Congress. Together, we are going to get the RRF replenished, and bring the restaurant industry to an even better place in every community.
Thank you for your continued engagement and support.
Take Action Now<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fp2a.co%2Fb8aNpDA&data=04%7C01%7C%7C12a644a000954e0e190d08d9dfabf0e1%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637786751848532154%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=soICvaTAWV%2FKsc69RleI2ubFEM%2FfTa%2FGyDrICObhdm0%3D&reserved=0>
-- Sean
Sean Kennedy Executive Vice President, Public Affairs National Restaurant Association
[https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fhybrid.restaurant.org%2Fdisclaimerimages%2FFaceBook-icon.png&data=04%7C01%7C%7C12a644a000954e0e190d08d9dfabf0e1%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637786751848532154%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=sFggsy76R28y7g9qf3OF%2BAjZJwBCIF%2FcNUflhGS2hxc%3D&reserved=0]https://na01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.facebook.com%2FNationalRestaurantAssociation&data=04%7C01%7C%7C12a644a000954e0e190d08d9dfabf0e1%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637786751848532154%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=1YoKh7S5MndJNwdhMLmWtafuFHXMiyOZndVXE7lYdM4%3D&reserved=0[https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fhybrid.restaurant.org%2Fdisclaimerimages%2FTwitter-icon.png&data=04%7C01%7C%7C12a644a000954e0e190d08d9dfabf0e1%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637786751848532154%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=vYty7480mPtW4nyRj1ag0Y89yOKNoHrk%2BHX8Kct9VaU%3D&reserved=0]https://na01.safelinks.protection.outlook.com/?url=http%3A%2F%2Ftwitter.com%2FWeRRestaurants&data=04%7C01%7C%7C12a644a000954e0e190d08d9dfabf0e1%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637786751848532154%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=uM67SGH1CDqzl5JbQPuYV%2B9gd%2Fw%2FRmxA4DbKA8Umjdg%3D&reserved=0[https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fhybrid.restaurant.org%2Fdisclaimerimages%2FYoutube-icon.png&data=04%7C01%7C%7C12a644a000954e0e190d08d9dfabf0e1%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637786751848532154%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=%2F79rNSWhUz0GyHvYw2Cp%2FOR4yCHYrcLbsjEbxpS3pBI%3D&reserved=0]>
submitted by Ok_Barnacle6732 to SBARRF [link] [comments]
Put another way: Congress is looking at two dates – all government spending expires on February 18. President Biden delivers his State of the Union Address to Congress on March 1.
At some point in between those two dates, Congress is going to pass a large spending bill, likely their only one for the year. If the RRF is going to be replenished, it will happen at that point. So we need to be as engaged as ever.
Today, we are releasing the results<https://na01.safelinks.protection.outlook.com/?url=http%3A%2F%2Frestaurant.linksto.net%2Fls%2Fclick%3Fupn%3DRQBYDu-2B82tRTm9xyAaprjSTSTjlBORlInWSj62lV4m1sL7qIwqjvPR8l5MaPHaTzrqsxl9M0WZcZN9R90NpFHmjZP4WZrhj0xfMjhYJKyyQQjZOFXrQOpCNTej4yVWBvkEVsWggNKMk-2FjjwLKvx212oCHZtPP0xKKNNVq7Hf-2Bow-3D5-Z1_MjFPikWoCmv8aAb7xuiZzKW7Po87WsNTGy6N27IgHo9-2FgkBD-2FAHOqvmSe2wH9UbK2vik90s-2BfQ3fu-2FeASOLw-2FAZt9btFY-2FrGhGky3fyF1XCQvq8v9OFUxc7lHDZ6Tt47zNrVwmTlx5CpSPGdEVvkBM78MUKH2RUrkrGQxz2V9CUaWXq2eGPh2UwmCMavNlpZMlp0sT287Ev1OfL9PCLpnQRM4DWVbjCfVTTxC8-2FuByT2amgL11IIrs6p-2BSa-2F4VaZVwUEUgCvQev7RwC7-2BQOTWPvFbyX1D4DfQRiMAsvJO4Mqiq1NjZPQ5UeQDGRhImO-2BlPLMoVSiv-2BIC5IPf5-2BvaPw-3D-3D&data=04%7C01%7C%7C12a644a000954e0e190d08d9dfabf0e1%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637786751848532154%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=RBR6IUC6%2FbrWn5uIoaVrW6HBIvfQz0Y6w3QPfp1kUic%3D&reserved=0> of the largest economic survey we’ve ever done on impact the RRF had on restaurant operations and the tremendous unmet need for replenishing the funding. We’re holding a national press conference later today and already have briefings about the state of the industry and the impact of omicron on our operations planned on Capitol Hill.
Here’s part of what we’re telling Congress today: · 88% of restaurants experienced a decline in customer demand for indoor on-premises dining because of the omicron variant. · 76% of operators report that business conditions are worse now than three months ago. · 74% say their restaurant is less profitable now than it was before the pandemic.
And we know that the Restaurant Revitalization Fund works. For operators that received an RRF grant: · 96% said the grant made it more likely that they would be able to stay in business. · 92% said the grant helped them pay expenses or debt that had accumulated since the beginning of the pandemic.
The National Restaurant Association estimates that over 900,000 restaurant jobs have been saved by the initial round of RRF grants.
But for those 2/3 of applicants still on the sidelines waiting for action from Congress, the need to replenish the RRF is clear: · Nearly 50% of restaurant operators that did not receive RRF grants feel it’s unlikely that they will stay in business beyond the pandemic without a grant. · 94% of restaurant operators waiting for an RRF grant say the program would enable them to retain or hire back employees.
So where do things stand in Congress? The Senate needs to take the lead and demonstrate there are 60 votes in support of replenishing the RRF. The surest way to prove that support is for your Senators to formally cosponsor S. 2675, the “Continuing Emergency Support for Restaurants Act”<https://na01.safelinks.protection.outlook.com/?url=http%3A%2F%2Frestaurant.linksto.net%2Fls%2Fclick%3Fupn%3DRQBYDu-2B82tRTm9xyAaprjU2ii6vRmgdVqhkqguTSfb541fRcusiAFGT39r46z2a1oeHj-2BiROe3WD5HOdbn4kX4vsz-2FiQu4lnRuXnpgJGu9QaYEekGwYvGzGji5tU5vzckloPaU2MIYMle23OnRo19T5LDmJO6emz1PxUXGKyFjyfqygrmMpQtUcUCVCT9PNU2kPVdYw6nnHKd4StLaRxs5RpAllS-2BLiuDQQ3wwZToHWYWpM9JxtDoXa0PmNHONnpqlIDLZ7OLwiLL2dGvZ77krhoOyZCmwVPLnUO1PjRqT02l7Sk1WC-2BTohKsb959vH2w84TzkZlWTdQIkehzxNVhE9maPa5ZAoQFTpVkne3B5xorYfPT4Qo3xw1WRXBbfjFhxNjtNS2lMrAG1hOX-2BLC19qnIS-2B0pNMj610p6pJAU4rNlkb-2FI8ccXEK-2F-2FFZH6a89xyQhkP0-2BMdCUiq-2F8jwU35S7Pq5rntkLYukQmSW8dFsG6s-2F0pGnaaKz6vEtN99kck09dcxrFwNS7uMHH5OZf-2BXoCTWXKekJ0I50wFWBhp7xopJzLuCviDqEX-2BkVAGbu-2FOz0fOaP-2BI9IG-2BLHYlyla6EbI8MzyiaIh-2Fguw66CNJtUs-3DrNgv_MjFPikWoCmv8aAb7xuiZzKW7Po87WsNTGy6N27IgHo9-2FgkBD-2FAHOqvmSe2wH9UbK2vik90s-2BfQ3fu-2FeASOLw-2FAZt9btFY-2FrGhGky3fyF1XCQvq8v9OFUxc7lHDZ6Tt47zNrVwmTlx5CpSPGdEVvkBM78MUKH2RUrkrGQxz2V9CUaWXq2eGPh2UwmCMavNlpZQbCnzwc9-2Fm-2B5-2F2R8nLBgb5IA151t-2FrtiFgn7jw2-2FTT5vNO4fwKmQ-2B2AUVbjo-2B6rOeVSnM-2BTVhtefUV9OA10ntjN17yqQWfTiefmcChkrXJQwi2gj0O0tiVoXbHVqX7OTyhmuMDcCsA-2F4EOCBM-2F6Nog-3D-3D&data=04%7C01%7C%7C12a644a000954e0e190d08d9dfabf0e1%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637786751848532154%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=9bAaHhzkAOu2yK9ayIeZutTYbGr9yCSyjmLSINb9kDo%3D&reserved=0> – critical legislation that would fully fund the RRF for all pending applications. And we need the Senate to add this legislation to any government spending package.
We are kicking off a new multi-week campaign today – ranging from press conferences in local communities, even more Hill visits and advocacy, and new digital ads to ensure that the public understands that our industry recovery is officially in reverse.
Will you join our campaign <https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fp2a.co%2Fb8aNpDA&data=04%7C01%7C%7C12a644a000954e0e190d08d9dfabf0e1%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637786751848532154%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=soICvaTAWV%2FKsc69RleI2ubFEM%2FfTa%2FGyDrICObhdm0%3D&reserved=0> and add your voice to our heightened efforts? Congress will hear our call from here in Washington, but your Senators need to hear from you. Even if they are a cosponsor, they need to act and ensure that RRF funding is a part of a government spending deal.
You’ll be hearing more from us and our state restaurant association partners in the days and weeks to come. I am so proud of our efforts to create the Restaurant Revitalization Fund<https://na01.safelinks.protection.outlook.com/?url=http%3A%2F%2Frestaurant.linksto.net%2Fls%2Fclick%3Fupn%3DRQBYDu-2B82tRTm9xyAaprjdfiieONWWZ3Wg9xX9LDScszCdsSKkZaDxV5mcAuWVpBjodcRMNKUruQ9IYEUbFC0iWrWQc-2FmiobKke0YrXKIm6BwW-2FaS0TbvWO5UBsxkByWDLy-2Bx-2B6AfLb6AbaCDblQG9gVWO1NxUWqWR-2Bt4lEgb2A-3D9-yY_MjFPikWoCmv8aAb7xuiZzKW7Po87WsNTGy6N27IgHo9-2FgkBD-2FAHOqvmSe2wH9UbK2vik90s-2BfQ3fu-2FeASOLw-2FAZt9btFY-2FrGhGky3fyF1XCQvq8v9OFUxc7lHDZ6Tt47zNrVwmTlx5CpSPGdEVvkBM78MUKH2RUrkrGQxz2V9CUaWXq2eGPh2UwmCMavNlpZSVwerENP2JvCuoXwd0F0pYnIlm1XEwTSskSU4AoNguOqaioKNbU9NJsrgfkJm8Ukt9q3WrYemRia0WigGvyzcSAYMVK-2FhWmnjnGFulkH58n9MPntQksOu59icfdInkP-2F4tX11B8ZbSiU-2BW2UiyO97g-3D-3D&data=04%7C01%7C%7C12a644a000954e0e190d08d9dfabf0e1%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637786751848532154%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=WQRrjJrxF7CCeWVU4el2MNeRJTALkPD%2Fw%2BRzBxp3YZI%3D&reserved=0>, to ensure it covered every type of small restaurant owner, and to keep restaurant recovery as a priority for Congress. Together, we are going to get the RRF replenished, and bring the restaurant industry to an even better place in every community.
Thank you for your continued engagement and support.
Take Action Now<https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fp2a.co%2Fb8aNpDA&data=04%7C01%7C%7C12a644a000954e0e190d08d9dfabf0e1%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637786751848532154%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=soICvaTAWV%2FKsc69RleI2ubFEM%2FfTa%2FGyDrICObhdm0%3D&reserved=0>
-- Sean
Sean Kennedy Executive Vice President, Public Affairs National Restaurant Association
[https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fhybrid.restaurant.org%2Fdisclaimerimages%2FFaceBook-icon.png&data=04%7C01%7C%7C12a644a000954e0e190d08d9dfabf0e1%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637786751848532154%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=sFggsy76R28y7g9qf3OF%2BAjZJwBCIF%2FcNUflhGS2hxc%3D&reserved=0]https://na01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.facebook.com%2FNationalRestaurantAssociation&data=04%7C01%7C%7C12a644a000954e0e190d08d9dfabf0e1%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637786751848532154%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=1YoKh7S5MndJNwdhMLmWtafuFHXMiyOZndVXE7lYdM4%3D&reserved=0[https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fhybrid.restaurant.org%2Fdisclaimerimages%2FTwitter-icon.png&data=04%7C01%7C%7C12a644a000954e0e190d08d9dfabf0e1%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637786751848532154%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=vYty7480mPtW4nyRj1ag0Y89yOKNoHrk%2BHX8Kct9VaU%3D&reserved=0]https://na01.safelinks.protection.outlook.com/?url=http%3A%2F%2Ftwitter.com%2FWeRRestaurants&data=04%7C01%7C%7C12a644a000954e0e190d08d9dfabf0e1%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637786751848532154%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=uM67SGH1CDqzl5JbQPuYV%2B9gd%2Fw%2FRmxA4DbKA8Umjdg%3D&reserved=0[https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fhybrid.restaurant.org%2Fdisclaimerimages%2FYoutube-icon.png&data=04%7C01%7C%7C12a644a000954e0e190d08d9dfabf0e1%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C637786751848532154%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=%2F79rNSWhUz0GyHvYw2Cp%2FOR4yCHYrcLbsjEbxpS3pBI%3D&reserved=0]
2021.12.19 18:13 jmbdn1808 Email forwarding
Hello! I am a new student transferring this spring semester. I’ve noticed that my email is completely empty. Every time I open outlook, I get a prompt saying that my email is being forwarded to a “@groute.Uic.edu” email address. I click on the turn off button but nothing seems to happen because I get the same prompt as soon as I refresh it. Does anyone know how I can access this email or how to actually turn it off? Thank you in advance!
submitted by jmbdn1808 to uichicago [link] [comments]
2021.09.23 18:46 siskabobs I was there -- Metallica's Surprise Show at the Metro - September 20th, 2021
A friend of mine recommended that I post my story in the Metallica subreddit, so here I am! Please keep in mind when reading: I am not writing this for bragging rights. I'm writing this because it was one of the best days of my life and I never want to forget any detail of that day. I made sure to give the boys my all to compensate for all of you die hard fans that couldn't make it. In addition: my career is based in graphic design & photography, not journalism. Please bear with me as I’m not a writer. I hope you all enjoy. I am new to posting anything on Reddit so if I applied the wrong flair, please let me know so I can correct it.
Monday, September 20th is a day I will never, ever forget. I thoroughly believe I was meant to be at that show. Even few days later, I still am so shocked that I attended. I’m unsure if that shock will ever go away.
Let me tell you all a brief backstory before I go into the full details of that day. I was born and raised Catholic — I went to private grammar school & high school but I never “got it” with religion. Even as a kid, I just believed in being a good person. I’ve always been fascinated by the supernatural & my family has some very, very spooky stories about things that have happened to them — but I really never “felt” anything. My philosophy as an adult is still to be a good person & to always do the right thing, even when nobody is looking. This applies to the next bit.
My mother-in-law has had a few readings from mediums within the last ~8 years or so. One of the last readings, the medium said that her mother was contacting the family by using the number 3. After that, we all started seeing 3’s. Literally everywhere. License plates, receipt/check totals at stores/restaurants, billboards…it was the wildest thing. We still see threes regularly but only when we don’t look — if we seek them out, they are nowhere to be found. I personally see repeating 3’s on a daily basis, so many that I actually started a log to keep track of them.
Some of the craziest instances of these 3’s are just bizarre. I was at a show at Reggies visiting a friend who was on tour with his band (Great American Ghost. Great band). I went upstairs to the “green” room & he were just hanging out — he handed me his guitar & I shit you not, the only three digits of the serial number that were visible were 333 - the rest was covered with gaff tape. Another instance is receiving a work email from an apparel manufacturer celebrating “33 years in business” — and “33” is mentioned three times.
The last crazy instance I want to mention is this: I used to work at Chicago Music Exchange & like all Metallica fans that play guitar, wanted a 1984 Gibson Explorer. I worked in customer service at the time & didn’t get to see the showroom all that much so I didn’t get to see the freshly purchased used/vintage stuff. I go downstairs to help a salesman with something (if you’re familiar with the store, it was Shelby! Great dude) and I see a DEAD MINT ’84 Gibson Explorer in white. I also see a RECEIPT ATTACHED TO IT. I shit you not, Bill Kelliher of Mastodon bought it. I was pretty angry & bummed I missed out, but I gave the guitar a couple plays before the team shipped it off to him. I figured it just wasn’t meant to be. Last year, around this time, an online music friend reached out to me, offering me a “84” Gibson Explorer for a steal. I bought it. Turns out? It wasn’t an '84...it was an '87….it was 33 years old when I got it. A year later, I have never been a better guitar player. I've been playing for almost 20 years and things & techniques that never "clicked" finally clicked. The guitar has mojo and has been deemed a LIFER. Someone could hand me $10k cash for it and I would politely decline. I like to thing my grandma helped me out there by bringing my "holy grail" to me.
I was very close with my grandmother, Bubush (It’s a Polish term). She was a second mother to me my entire life. I won’t explain the circumstances, but my upbringing was tough. My father was absent & as a family, we endured hell. But we stuck through it. Bubush definitely filled the role of a second parent and honestly, it was like having two mothers. I was the youngest of six kids & I had the closest connection with Bubush. She spoiled the hell out of me. She supported me musically (along with my mom of course) my entire life. Buying me my first Explorer (Epiphone Goth model with a Floyd Rose), and actually bought me a lawsuit explorer (EXP-200) back in the day. She read with me every night when I was a child, took me to see Shrek in theaters (and I convinced her to take me to see The Lost World: Jurassic Park in theaters for a second time because I thought she would “LOVE IT”)…haha! I’ll never forget watching Tales from the Crypt with her on SciFi, when I definitely shouldn’t have been watching it. Her and I were best friends...we still are.
Bubush passed away in November of 2015 — she had a stroke about 4.5 years prior and could no longer do anything for herself. My mother became her legal guardian & when my mom wasn’t around, I was there. Those 4.5 years were the hardest years I’ve ever endured. I was juggling full time school at UIC here in Chicago, part time work at Guitar Center (72nd and Cicero for you locals), taking care of Bubush when I got home by making her dinner, changing diapers, wiping her nose…and dealing with a major family issue at the same time. It was hell.
But — shortly after we started seeing the 3’s everywhere, I suddenly realized Bubush’s birthday was 3/3. I then, wishfully, started hoping my dear grandma was connecting with me. It wasn’t until I had a medium reading of my own that I realized she is connecting with me. Then the 3’s really got out of hand. Now I wasn’t sure what to expect with this medium…but he nailed everything. He brought up things that isn’t “recorded” anywhere. The terminology he used was too close to home. You may not believe in that kind of stuff, which is absolutely fine & I respect your outlook! But this is a very real thing for me & all I can say is that after that reading, when I saw a 3 or repeating 3’s pop up in daily life it basically told me that I was on the right path. I believe that to this day & after you read this story about this past Monday, I hope you agree that this isn’t just a weird coincidence.
Monday, September 20th. I woke up & went on a bike ride with my wife early in the morning. We live in Alsip, a suburb of Chicago (I was born and raised in Chicago, though) — our area is very quiet, low in traffic, and just really pretty. The morning started with a menacing sky, but we decided to go out anyway. We got a full ride in before the rain started, so that was cool. It’s rare for us to go biking but I just got a bike pump a few days prior (finally) so we took advantage of having working bikes.
After this, I start my workout for the day (I have some equipment in my garage) and I get this feeling that something is in there with me. Keep in mind, I have no knowledge of the show at this point. I just felt something, like an energy. It was so strong that I acknowledged it. It just added to the great vibe of the day & I finished my lift up, got inside and showered. My wife and I both work from home so I started my work day.
At 11:22am, I received an instagram message from a fellow named Matt. Matt was a customer at the Guitar Center that I used to work at, and we just kinda kept in touch over the years due to mutual friends, yada yada yada. The message read “METALLICA IS PLAYING AT THE METRO TONIGHT”. The company I work for actually does the merchandise for The Metro, so I thought I would have an in. I called my boss, Brad, who seemed kinda pissed off as we are SILLY busy right now as bands are finally touring again & that’s something we didn’t have in our docket for over a year and a half. He said he’d reach out to his best contact there & get back to me. He tells me that the best chance of going is go get in line and the cost is $20. I ask his permission to just blow off the day, and he said “go”.
I SCRAMBLE to get dressed, call my best friend Phil to give him the heads up, & right before I left I ask my wife if she has a $20 bill in case it’s cash only. Well, it was…(as far as I know) and It was also her last $20 bill. I hit the highway (I’m about 45 min away from the Metro, it’s way up on the north side of the city), call Phil & he wishes me all the luck in the world. The whole time going up there I’m saying “Please make this happen, Bubush…please, please, please.” — My plan is to park at Chicago Music Exchange (CME) & RUN to the Metro. It’s not too far, about 1.5 miles away. I choose to park at CME as I used to work there & I know for a fact I could find a parking spot that I wouldn’t get ticketed/towed at.
So, I park on Ravenswood (just a couple blocks west of CME) and book it. I realize, after running about 4 blocks, I forgot my face mask. I asked one stranger if he had a mask, no dice. Luckily the second guy I asked DID have a mask & I thanked him profusely & continued my run. I stopped to catch my breath a few times (not a strong runner) — I stopped and decided to walk the rest of this block I was on & keep on running. I got a text from Metallica saying “The worst kept secret is out of the bag. If you're not in line already (ha!), haul ass over to The Metro box office to try to get your hands on a wristband for TONIGHT’s show!” so I keep booking it.
I finally make it to the Metro — the line is wrapping around the building. The back of the line is about 150 feet away from the start of the line. It was crazy. The fans in line, hoping just as much as I am that they get a ticket, were all sweethearts. I never encountered a more friendly group of people. They were all talking about their days & how they basically dropped everything to at least try to get a ticket. Everyone had the same mentality: “Even if I don’t get a ticket, at least I can say I tried. I would be haunted forever if I didn’t at least try.” I received a message from Matt right when I got into line saying “Can you give me a ride home if I try and get tickets?” And obviously I say yes. He actually ended up in line, maybe 60 people behind me. The line was moving every 7 minutes or so, probably 15-20 feet at time. They were counting people diligently to stay in accordance with their ~1,100 person capacity. Lucky me, and lucky Matt, we got tickets.
I FaceTime my wife, in tears, because I can’t believe what’s happened. She is stoked for me. Metallica has had a profound impact in my life & I always dreamed of seeing them back in the day. This was the closest I could get & I was grateful. I was then connecting the dots — that feeling I got in the garage just a couple hours prior…I really felt it was connected with what was happening. Matt calls/texts a few folks & we decide to grab a bite to eat.
We find ourselves at this restaurant just south of the venue for a quick bite. We are about to get a table & someone wearing a Metallica wrist band is behind us. He was obviously alone and I am in the best mood of my life, so I ask him if he wants to sit with us. So there I was, alone at first, then paired into a group of 3…(we stuck together the entire night, too) — turns out his name is also Chris and was literally at the gym when he got a message. He’s a crane operator in Portage, IN and had to have someone cover for him (he had to work a double the next day…worth it). I thought it was kinda funny as I never meet any other Chris’s. Met another Chris in line too, so there’s another 3...These are threes I’m just realizing but I swear they get juicier….I pick up the bill and it’s $33.08. Weird, huh? I mention to them that it’s my lucky number and I have a good feeling that something good is going to happen…
After that, we head back to the venue to the merch store. We are the first ones in! We get our merch, hear the ‘Tallica boys sound checking and we are all just SO HYPED. We decide, as our batteries are low & aren’t gonna be carrying our shirts with us all night, decide to walk back to my car to relax for a minute & put our stuff away. After that, we go to the Starbucks on Lincoln Ave, just north of CME. I run into a barista who I used to see regularly when I worked at CME & we catch up. Honestly I haven’t been in that part of the city in at least 4 years, so it was a walk down memory lane. Seeing him was so fun & it just added to the day. We are charging our phones and having some snacks and I notice Chris is a little anxious. He said “So…what’s the plan?” A few times already so I’m like “OK, I’ll play the system a bit. When my phone reaches 33% (it was at 32%), I’ll call a Lyft and we’ll get down there super quick. It hit 33%, and Matt’s phone reached 33% at the same time. OOOOOOKAY THEN.
The Lyft driver drops us off and there’s a Brazilian girl right outside my door. She sees our wristbands & starts chatting, asking how we got them, how lucky we are, etc. I told her the same thing I told others who expressed any sort of indirect jealousy: “I’ll scream extra loud for you tonight because I know how lucky we are to be a part of this”. We are right off the edge of the curb of the street at this point. The girl almost gets hit but a bicycle…the other Chris moved her out of the way. She is thanking him & then says she grew up in Brazil — and said she almost died three times in the past. THREE TIMES. She said three several times. Every time she said it, it stuck out like a dagger in my chest. Did we just intervene with something here? Did Chris just save this girl’s life?…wild. Just wild.
Now, this is the part of the story that really spooks me. I get goosebumps thinking about it. If you’re still with me, thank you, as this story really means a lot to me. There’s a cannabis dispensary a block away from the venue so Matt and I decide to get a sativa preroll. Nothing really unusual about that trip — other than the checkout. I get to the counter to pay, I had the cashier my medical card and she does whatever she needs to do to apply the tax break. The total is $15.38 and I hand her my debit card. She gives me my receipt, the joint, and three dollar bills. Three. Dollar. Bills. Change due on the receipt is ZERO. I can’t make this up. I walk out of the dispensary and show Chris & Matt these three dollars (that appeared out of thin fucking air apparently) and they are astounded. We smoke the sweet devil’s lettuce and proceed to get in line for the show.
We walk back to the venue and hop in line. This is when I feel compelled to tell them about the true story behind the 3’s/33’s like I told you all — and they are just as spooked as I am. Alex, a reporter from NBC5 Chicago, along with a beefy camera man, walk down our part of the line and ask aloud “Does anyone want to talk about their day & how they got here?” And I IMMEDIATELY jump at the opportunity. I actually texted my wife earlier that day “I can’t wait to tell you the story of the day, and I didn’t even see the show yet!” So we do the interview & it airs the next day. Lots was cut, but you can watch it here! https://www.nbcchicago.com/top-videos-home/metallica-plays-unexpected-show-at-chicagos-metro/2617772/?fbclid=IwAR25cvGZmArw9xaKwqQjLO41OsM7MWWUJ8OQVDORC4ES17MU7Wc7lv2qvpY (my friends have already made so many memes...hahaha!)
Everyone in the line was in such an amazing mood. Everyone was having a great day. Everyone I saw got along, have never met each other, and were all acting like best friends. The comradiery that day was something I will never forget — especially after seeing 18 months of pure hell in the news and in the world. To see a group of human beings of every race & religion get along, in the flesh, right before my very eyes, warmed my heart. What did we all have in common? Our love for music and for Metallica. The term “Metallica family” is something I heard in past from James, other Metallica fans in the past. I never understood it. I felt at home with all of these people I never met before — and I often feel like the outcast.
The time approaches. We were stage left right next to Kirk's usual spot-o-rippin'. The show started a little after 8:30 and I will tell you all this - I have never seen them ‘Tallica boys happier to be on a stage. This was their second time back playing a show in, what, like 738 days or something? James was all smiles, Lars was, you know, doing his drum face literally the entire time, Kirk was rippin’ like there was no tomorrow & Rob attempted his “helicopter” stage move but quickly stopped and eyed the audience in a “Ohhh boy I’m gonna break my bass if I do that here” — Hahahaha! To all the guitar nerds, they were using AxeFx III’s and used a wide spread of their usual instruments. One notable change though — Kirk’s Randy Rhodes V he uses for Sad But True was CHANGED! Not sure if it was a different guitar, but it had gold hardware & a RUSTED pick guard & rusted string ferrule plate (that arrow shaped plate the strings go through) so, that was cool to see something totally different from Kirk.
The crowd was SO LOUD. Arguably louder than the band. I never screamed louder and harder in my life. It was truly a cathartic experience. There was a quote that was running in my head all day, from Andy Bernard from the US version of The Office. “I wish there was a way to know you're in the good old days before you've actually left them.” — That whole day…I acknowledged I was having one of the best, most memorable days of my life. It really was like a lucid dream. I savored every moment and am doing everything I can, like writing this story out, so I never forget any detail of that day. Just days before this, I saw they played in San Francisco to a group of 350 people. I commented on a YouTube video of the show and said “I would've killed to be at this show. Seeing them at such a small venue must be insane! Thanks for sharing!”…Three days later, I was at that show I was longing for since I was a teenager.
To make this day even sweeter…I caught Kirk’s pick. He threw it out at the end of Seek & Destroy. Everyone — I made minimal effort for this pick. I quickly outstretched my left hand and the pick landed FLAT INTO MY PALM. I saw James throwing picks all night, at least 3. I didn’t see Kirk throw any. The thing is beat. I’m a guitar player and have used those picks before — I know it’s hard to beat up that pick. This thing looked like Kirk Hamster himself chewed on it like a wild rodent…well, because he did.
The setlist was as follows:
The Ecstasy of Gold (of course)
Whiplash
Lightning
Harvester
Cyanide
Through the Never
OneSad But True
Moth
Sanitarium
Bellz
Whiskey in the Jar
Fade to Black
Puppets
Hardwired
Fuel
Seek & Destroy
I drove Matt home & we were seconds before an accident on the expressway. There was a car facing the opposite direction on a two lane stretch of the Dan Ryan next to Sox Park - no EMS arrived yet or anything. It literally just happened Probably 20 seconds prior to us approaching it. I find out the next day & Chris from Portage was almost in a crazy 4 car pileup on the way home. Take that how you will...
Thank you all for spending the time to read this. I hope you enjoyed it. Enjoy the photos, too!
TL;DR: The show was absolutely incredible. I was meant to be at that show & I’m convinced my beloved, late grandma put me there. I’m grateful beyond words. For all of those who couldn’t be there: I gave it my all & screamed every lyric. I understand how lucky I am. Gratitude is something I live and breathe on a daily basis. I'll always associate this day with gratitude.
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Monday, September 20th is a day I will never, ever forget. I thoroughly believe I was meant to be at that show. Even few days later, I still am so shocked that I attended. I’m unsure if that shock will ever go away.
Let me tell you all a brief backstory before I go into the full details of that day. I was born and raised Catholic — I went to private grammar school & high school but I never “got it” with religion. Even as a kid, I just believed in being a good person. I’ve always been fascinated by the supernatural & my family has some very, very spooky stories about things that have happened to them — but I really never “felt” anything. My philosophy as an adult is still to be a good person & to always do the right thing, even when nobody is looking. This applies to the next bit.
My mother-in-law has had a few readings from mediums within the last ~8 years or so. One of the last readings, the medium said that her mother was contacting the family by using the number 3. After that, we all started seeing 3’s. Literally everywhere. License plates, receipt/check totals at stores/restaurants, billboards…it was the wildest thing. We still see threes regularly but only when we don’t look — if we seek them out, they are nowhere to be found. I personally see repeating 3’s on a daily basis, so many that I actually started a log to keep track of them.
Some of the craziest instances of these 3’s are just bizarre. I was at a show at Reggies visiting a friend who was on tour with his band (Great American Ghost. Great band). I went upstairs to the “green” room & he were just hanging out — he handed me his guitar & I shit you not, the only three digits of the serial number that were visible were 333 - the rest was covered with gaff tape. Another instance is receiving a work email from an apparel manufacturer celebrating “33 years in business” — and “33” is mentioned three times.
The last crazy instance I want to mention is this: I used to work at Chicago Music Exchange & like all Metallica fans that play guitar, wanted a 1984 Gibson Explorer. I worked in customer service at the time & didn’t get to see the showroom all that much so I didn’t get to see the freshly purchased used/vintage stuff. I go downstairs to help a salesman with something (if you’re familiar with the store, it was Shelby! Great dude) and I see a DEAD MINT ’84 Gibson Explorer in white. I also see a RECEIPT ATTACHED TO IT. I shit you not, Bill Kelliher of Mastodon bought it. I was pretty angry & bummed I missed out, but I gave the guitar a couple plays before the team shipped it off to him. I figured it just wasn’t meant to be. Last year, around this time, an online music friend reached out to me, offering me a “84” Gibson Explorer for a steal. I bought it. Turns out? It wasn’t an '84...it was an '87….it was 33 years old when I got it. A year later, I have never been a better guitar player. I've been playing for almost 20 years and things & techniques that never "clicked" finally clicked. The guitar has mojo and has been deemed a LIFER. Someone could hand me $10k cash for it and I would politely decline. I like to thing my grandma helped me out there by bringing my "holy grail" to me.
I was very close with my grandmother, Bubush (It’s a Polish term). She was a second mother to me my entire life. I won’t explain the circumstances, but my upbringing was tough. My father was absent & as a family, we endured hell. But we stuck through it. Bubush definitely filled the role of a second parent and honestly, it was like having two mothers. I was the youngest of six kids & I had the closest connection with Bubush. She spoiled the hell out of me. She supported me musically (along with my mom of course) my entire life. Buying me my first Explorer (Epiphone Goth model with a Floyd Rose), and actually bought me a lawsuit explorer (EXP-200) back in the day. She read with me every night when I was a child, took me to see Shrek in theaters (and I convinced her to take me to see The Lost World: Jurassic Park in theaters for a second time because I thought she would “LOVE IT”)…haha! I’ll never forget watching Tales from the Crypt with her on SciFi, when I definitely shouldn’t have been watching it. Her and I were best friends...we still are.
Bubush passed away in November of 2015 — she had a stroke about 4.5 years prior and could no longer do anything for herself. My mother became her legal guardian & when my mom wasn’t around, I was there. Those 4.5 years were the hardest years I’ve ever endured. I was juggling full time school at UIC here in Chicago, part time work at Guitar Center (72nd and Cicero for you locals), taking care of Bubush when I got home by making her dinner, changing diapers, wiping her nose…and dealing with a major family issue at the same time. It was hell.
But — shortly after we started seeing the 3’s everywhere, I suddenly realized Bubush’s birthday was 3/3. I then, wishfully, started hoping my dear grandma was connecting with me. It wasn’t until I had a medium reading of my own that I realized she is connecting with me. Then the 3’s really got out of hand. Now I wasn’t sure what to expect with this medium…but he nailed everything. He brought up things that isn’t “recorded” anywhere. The terminology he used was too close to home. You may not believe in that kind of stuff, which is absolutely fine & I respect your outlook! But this is a very real thing for me & all I can say is that after that reading, when I saw a 3 or repeating 3’s pop up in daily life it basically told me that I was on the right path. I believe that to this day & after you read this story about this past Monday, I hope you agree that this isn’t just a weird coincidence.
Monday, September 20th. I woke up & went on a bike ride with my wife early in the morning. We live in Alsip, a suburb of Chicago (I was born and raised in Chicago, though) — our area is very quiet, low in traffic, and just really pretty. The morning started with a menacing sky, but we decided to go out anyway. We got a full ride in before the rain started, so that was cool. It’s rare for us to go biking but I just got a bike pump a few days prior (finally) so we took advantage of having working bikes.
After this, I start my workout for the day (I have some equipment in my garage) and I get this feeling that something is in there with me. Keep in mind, I have no knowledge of the show at this point. I just felt something, like an energy. It was so strong that I acknowledged it. It just added to the great vibe of the day & I finished my lift up, got inside and showered. My wife and I both work from home so I started my work day.
At 11:22am, I received an instagram message from a fellow named Matt. Matt was a customer at the Guitar Center that I used to work at, and we just kinda kept in touch over the years due to mutual friends, yada yada yada. The message read “METALLICA IS PLAYING AT THE METRO TONIGHT”. The company I work for actually does the merchandise for The Metro, so I thought I would have an in. I called my boss, Brad, who seemed kinda pissed off as we are SILLY busy right now as bands are finally touring again & that’s something we didn’t have in our docket for over a year and a half. He said he’d reach out to his best contact there & get back to me. He tells me that the best chance of going is go get in line and the cost is $20. I ask his permission to just blow off the day, and he said “go”.
I SCRAMBLE to get dressed, call my best friend Phil to give him the heads up, & right before I left I ask my wife if she has a $20 bill in case it’s cash only. Well, it was…(as far as I know) and It was also her last $20 bill. I hit the highway (I’m about 45 min away from the Metro, it’s way up on the north side of the city), call Phil & he wishes me all the luck in the world. The whole time going up there I’m saying “Please make this happen, Bubush…please, please, please.” — My plan is to park at Chicago Music Exchange (CME) & RUN to the Metro. It’s not too far, about 1.5 miles away. I choose to park at CME as I used to work there & I know for a fact I could find a parking spot that I wouldn’t get ticketed/towed at.
So, I park on Ravenswood (just a couple blocks west of CME) and book it. I realize, after running about 4 blocks, I forgot my face mask. I asked one stranger if he had a mask, no dice. Luckily the second guy I asked DID have a mask & I thanked him profusely & continued my run. I stopped to catch my breath a few times (not a strong runner) — I stopped and decided to walk the rest of this block I was on & keep on running. I got a text from Metallica saying “The worst kept secret is out of the bag. If you're not in line already (ha!), haul ass over to The Metro box office to try to get your hands on a wristband for TONIGHT’s show!” so I keep booking it.
I finally make it to the Metro — the line is wrapping around the building. The back of the line is about 150 feet away from the start of the line. It was crazy. The fans in line, hoping just as much as I am that they get a ticket, were all sweethearts. I never encountered a more friendly group of people. They were all talking about their days & how they basically dropped everything to at least try to get a ticket. Everyone had the same mentality: “Even if I don’t get a ticket, at least I can say I tried. I would be haunted forever if I didn’t at least try.” I received a message from Matt right when I got into line saying “Can you give me a ride home if I try and get tickets?” And obviously I say yes. He actually ended up in line, maybe 60 people behind me. The line was moving every 7 minutes or so, probably 15-20 feet at time. They were counting people diligently to stay in accordance with their ~1,100 person capacity. Lucky me, and lucky Matt, we got tickets.
I FaceTime my wife, in tears, because I can’t believe what’s happened. She is stoked for me. Metallica has had a profound impact in my life & I always dreamed of seeing them back in the day. This was the closest I could get & I was grateful. I was then connecting the dots — that feeling I got in the garage just a couple hours prior…I really felt it was connected with what was happening. Matt calls/texts a few folks & we decide to grab a bite to eat.
We find ourselves at this restaurant just south of the venue for a quick bite. We are about to get a table & someone wearing a Metallica wrist band is behind us. He was obviously alone and I am in the best mood of my life, so I ask him if he wants to sit with us. So there I was, alone at first, then paired into a group of 3…(we stuck together the entire night, too) — turns out his name is also Chris and was literally at the gym when he got a message. He’s a crane operator in Portage, IN and had to have someone cover for him (he had to work a double the next day…worth it). I thought it was kinda funny as I never meet any other Chris’s. Met another Chris in line too, so there’s another 3...These are threes I’m just realizing but I swear they get juicier….I pick up the bill and it’s $33.08. Weird, huh? I mention to them that it’s my lucky number and I have a good feeling that something good is going to happen…
After that, we head back to the venue to the merch store. We are the first ones in! We get our merch, hear the ‘Tallica boys sound checking and we are all just SO HYPED. We decide, as our batteries are low & aren’t gonna be carrying our shirts with us all night, decide to walk back to my car to relax for a minute & put our stuff away. After that, we go to the Starbucks on Lincoln Ave, just north of CME. I run into a barista who I used to see regularly when I worked at CME & we catch up. Honestly I haven’t been in that part of the city in at least 4 years, so it was a walk down memory lane. Seeing him was so fun & it just added to the day. We are charging our phones and having some snacks and I notice Chris is a little anxious. He said “So…what’s the plan?” A few times already so I’m like “OK, I’ll play the system a bit. When my phone reaches 33% (it was at 32%), I’ll call a Lyft and we’ll get down there super quick. It hit 33%, and Matt’s phone reached 33% at the same time. OOOOOOKAY THEN.
The Lyft driver drops us off and there’s a Brazilian girl right outside my door. She sees our wristbands & starts chatting, asking how we got them, how lucky we are, etc. I told her the same thing I told others who expressed any sort of indirect jealousy: “I’ll scream extra loud for you tonight because I know how lucky we are to be a part of this”. We are right off the edge of the curb of the street at this point. The girl almost gets hit but a bicycle…the other Chris moved her out of the way. She is thanking him & then says she grew up in Brazil — and said she almost died three times in the past. THREE TIMES. She said three several times. Every time she said it, it stuck out like a dagger in my chest. Did we just intervene with something here? Did Chris just save this girl’s life?…wild. Just wild.
Now, this is the part of the story that really spooks me. I get goosebumps thinking about it. If you’re still with me, thank you, as this story really means a lot to me. There’s a cannabis dispensary a block away from the venue so Matt and I decide to get a sativa preroll. Nothing really unusual about that trip — other than the checkout. I get to the counter to pay, I had the cashier my medical card and she does whatever she needs to do to apply the tax break. The total is $15.38 and I hand her my debit card. She gives me my receipt, the joint, and three dollar bills. Three. Dollar. Bills. Change due on the receipt is ZERO. I can’t make this up. I walk out of the dispensary and show Chris & Matt these three dollars (that appeared out of thin fucking air apparently) and they are astounded. We smoke the sweet devil’s lettuce and proceed to get in line for the show.
We walk back to the venue and hop in line. This is when I feel compelled to tell them about the true story behind the 3’s/33’s like I told you all — and they are just as spooked as I am. Alex, a reporter from NBC5 Chicago, along with a beefy camera man, walk down our part of the line and ask aloud “Does anyone want to talk about their day & how they got here?” And I IMMEDIATELY jump at the opportunity. I actually texted my wife earlier that day “I can’t wait to tell you the story of the day, and I didn’t even see the show yet!” So we do the interview & it airs the next day. Lots was cut, but you can watch it here! https://www.nbcchicago.com/top-videos-home/metallica-plays-unexpected-show-at-chicagos-metro/2617772/?fbclid=IwAR25cvGZmArw9xaKwqQjLO41OsM7MWWUJ8OQVDORC4ES17MU7Wc7lv2qvpY (my friends have already made so many memes...hahaha!)
Everyone in the line was in such an amazing mood. Everyone was having a great day. Everyone I saw got along, have never met each other, and were all acting like best friends. The comradiery that day was something I will never forget — especially after seeing 18 months of pure hell in the news and in the world. To see a group of human beings of every race & religion get along, in the flesh, right before my very eyes, warmed my heart. What did we all have in common? Our love for music and for Metallica. The term “Metallica family” is something I heard in past from James, other Metallica fans in the past. I never understood it. I felt at home with all of these people I never met before — and I often feel like the outcast.
The time approaches. We were stage left right next to Kirk's usual spot-o-rippin'. The show started a little after 8:30 and I will tell you all this - I have never seen them ‘Tallica boys happier to be on a stage. This was their second time back playing a show in, what, like 738 days or something? James was all smiles, Lars was, you know, doing his drum face literally the entire time, Kirk was rippin’ like there was no tomorrow & Rob attempted his “helicopter” stage move but quickly stopped and eyed the audience in a “Ohhh boy I’m gonna break my bass if I do that here” — Hahahaha! To all the guitar nerds, they were using AxeFx III’s and used a wide spread of their usual instruments. One notable change though — Kirk’s Randy Rhodes V he uses for Sad But True was CHANGED! Not sure if it was a different guitar, but it had gold hardware & a RUSTED pick guard & rusted string ferrule plate (that arrow shaped plate the strings go through) so, that was cool to see something totally different from Kirk.
The crowd was SO LOUD. Arguably louder than the band. I never screamed louder and harder in my life. It was truly a cathartic experience. There was a quote that was running in my head all day, from Andy Bernard from the US version of The Office. “I wish there was a way to know you're in the good old days before you've actually left them.” — That whole day…I acknowledged I was having one of the best, most memorable days of my life. It really was like a lucid dream. I savored every moment and am doing everything I can, like writing this story out, so I never forget any detail of that day. Just days before this, I saw they played in San Francisco to a group of 350 people. I commented on a YouTube video of the show and said “I would've killed to be at this show. Seeing them at such a small venue must be insane! Thanks for sharing!”…Three days later, I was at that show I was longing for since I was a teenager.
To make this day even sweeter…I caught Kirk’s pick. He threw it out at the end of Seek & Destroy. Everyone — I made minimal effort for this pick. I quickly outstretched my left hand and the pick landed FLAT INTO MY PALM. I saw James throwing picks all night, at least 3. I didn’t see Kirk throw any. The thing is beat. I’m a guitar player and have used those picks before — I know it’s hard to beat up that pick. This thing looked like Kirk Hamster himself chewed on it like a wild rodent…well, because he did.
The setlist was as follows:
The Ecstasy of Gold (of course)
Whiplash
Lightning
Harvester
Cyanide
Through the Never
OneSad But True
Moth
Sanitarium
Bellz
Whiskey in the Jar
Fade to Black
Puppets
Hardwired
Fuel
Seek & Destroy
I drove Matt home & we were seconds before an accident on the expressway. There was a car facing the opposite direction on a two lane stretch of the Dan Ryan next to Sox Park - no EMS arrived yet or anything. It literally just happened Probably 20 seconds prior to us approaching it. I find out the next day & Chris from Portage was almost in a crazy 4 car pileup on the way home. Take that how you will...
Thank you all for spending the time to read this. I hope you enjoyed it. Enjoy the photos, too!
TL;DR: The show was absolutely incredible. I was meant to be at that show & I’m convinced my beloved, late grandma put me there. I’m grateful beyond words. For all of those who couldn’t be there: I gave it my all & screamed every lyric. I understand how lucky I am. Gratitude is something I live and breathe on a daily basis. I'll always associate this day with gratitude.
2021.06.15 17:30 Kinmuan SMA Grinston /Army AMA Summary (6/14/2021)
Original AMA Thread Found Here
Wow. I'm shocked at the participation we got on such a short suspense. This came together last minute for us, and with just a couple hours notice, you guys came through with hundreds of comments...That had some real thought and coherence to them. The mod team initially questioned the engagement we'd see mid-day on a Monday. I don't think any of us expected this level of participation.
Despite only intending it to be an hour, SMA spent just a bit over 2 hours answers questions, and his PAO stuck around to take care of some extra (resulting in several dozen questions answered, not just 'parent' comments), many of which the SMA has answered elsewhere -- like TA.
On TA specifically I wanted to highlight the update I left, and the SMA Sends.
Your Ed Centers should know what to do by now. Contact your school, contact your ed center, talk to your unit leadership. If there is still a problem, contact Ignited. If there is no resolution, contact the Army U CSM. You should not be paying out of pocket. Your Educational Institute (EI - the school you attend) is pressuring you to pay, or 'forcing' you to pay to register for more courses, tell Ignited. This is not what the intent is, and the Army U CSM has straightened out the policies with several EIs. I know that after seeing a lengthy comment on here that included problems at ASU, CSM got on the phone and had the entire program at the EI in line with the policy in short order. Your problems with an EI aren't just you. It means they're doing it to other Soldiers who just aren't as vocal as you on the topic.
If you go through all those individuals, you get no resolution -- SMA wants to hear from you in the SMA Sends. If you are having problems with the process, and don't feel ready to pull that trigger and contact a CSM who works for a GO -- Come contact me! I will help.
A big thank you to SMA and sma-pao for covering such a wide range of topics during the AMA. If we do this again in the future, I'm sure we'll pair down the topic from 'AMA' to 'Ask me Almost Anything', to prevent being overwhelmed by the number and depth of topics provided, and maybe look at maybe each top-level question focused on "one topic" at a time at least. I hope everyone can appreciate the SMA coming and meeting us on our terms. There were no requests or rules for moderation or questions that could be posed. We simply kept to our standard sub rules and were allowed to run as we saw fit.
While we're not the first sub to get their Senior E on reddit, I dare say this AMA was shockingly well attended, and the SMA gave more than just a "couple sentence" response on most topics. People may have forgotten - they largely conducted this while in transit, since that was "down time". They conucted this largely over mobile, so I'm blown away by the multi-paragraph responses. I was personally extremely busy yesteray and the mod team tagged team the heck out of it. My apologies to /nationalguard for not cross-posting, thanks so much to rbevans for posting over to /mil because I dropped the ball on that big time.
The character limit on posts is only so much, so I'll attempt to 'boil down' some of the Q/A to snapshots, and you can follow the links.
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submitted by Kinmuan to army [link] [comments]
Wow. I'm shocked at the participation we got on such a short suspense. This came together last minute for us, and with just a couple hours notice, you guys came through with hundreds of comments...That had some real thought and coherence to them. The mod team initially questioned the engagement we'd see mid-day on a Monday. I don't think any of us expected this level of participation.
Despite only intending it to be an hour, SMA spent just a bit over 2 hours answers questions, and his PAO stuck around to take care of some extra (resulting in several dozen questions answered, not just 'parent' comments), many of which the SMA has answered elsewhere -- like TA.
On TA specifically I wanted to highlight the update I left, and the SMA Sends.
Your Ed Centers should know what to do by now. Contact your school, contact your ed center, talk to your unit leadership. If there is still a problem, contact Ignited. If there is no resolution, contact the Army U CSM. You should not be paying out of pocket. Your Educational Institute (EI - the school you attend) is pressuring you to pay, or 'forcing' you to pay to register for more courses, tell Ignited. This is not what the intent is, and the Army U CSM has straightened out the policies with several EIs. I know that after seeing a lengthy comment on here that included problems at ASU, CSM got on the phone and had the entire program at the EI in line with the policy in short order. Your problems with an EI aren't just you. It means they're doing it to other Soldiers who just aren't as vocal as you on the topic.
If you go through all those individuals, you get no resolution -- SMA wants to hear from you in the SMA Sends. If you are having problems with the process, and don't feel ready to pull that trigger and contact a CSM who works for a GO -- Come contact me! I will help.
A big thank you to SMA and sma-pao for covering such a wide range of topics during the AMA. If we do this again in the future, I'm sure we'll pair down the topic from 'AMA' to 'Ask me Almost Anything', to prevent being overwhelmed by the number and depth of topics provided, and maybe look at maybe each top-level question focused on "one topic" at a time at least. I hope everyone can appreciate the SMA coming and meeting us on our terms. There were no requests or rules for moderation or questions that could be posed. We simply kept to our standard sub rules and were allowed to run as we saw fit.
While we're not the first sub to get their Senior E on reddit, I dare say this AMA was shockingly well attended, and the SMA gave more than just a "couple sentence" response on most topics. People may have forgotten - they largely conducted this while in transit, since that was "down time". They conucted this largely over mobile, so I'm blown away by the multi-paragraph responses. I was personally extremely busy yesteray and the mod team tagged team the heck out of it. My apologies to /nationalguard for not cross-posting, thanks so much to rbevans for posting over to /mil because I dropped the ball on that big time.
The character limit on posts is only so much, so I'll attempt to 'boil down' some of the Q/A to snapshots, and you can follow the links.
Topic: ACFT/H2
QWhy not create a Personal Trainer style MOS in the ACFT era?A
When will body fat be updated?
Can we get better dining options?
Why not create a personal trainer style MOS: There are a couple of reasons why it hasn’t happened yet, I appreciate mopsnmoes for weighing in. One consideration is building a new MOS would require ‘bill payers’ while training them through something like an ASI wouldn’t necessarily force us to cut MTOE positions. Ultimately, one thing I’d like to see is how we could incorporate a fitness certification into PME so that our NCOs are better qualified to lead PT and provide proper coaching. I would say don’t discount our MFTs, they do a great job at developing programs to meet a unit’s specific mission - they’re probably underutilized in a lot of places.Link
When will body fat be updated? We have a study that’s ongoing now. One of the factors we’re also looking at is which fitness test will be the official test going forward. That’s not going to be the main driver, but it is important information to have before we finalize a new 600-9.
Better dining options? We’re moving in that direction now. One of the things I’ve seen that’s most encouraging is when the DFAC leadership takes ownership of the menu and allows for a little creativity. I’ve seen everything from boca bowls, smoothie bars, burrito bars, and more. The DFAC has a lot of autonomy in how they run their menus, and I’d like to see them capitalize on it.
Topic: Tuition Assistance
Quick plug for faithra43 here. Notice the special flair. I truly believe the right people are on top of this issue now. Use the system, contact the visible POCs. Get your money back, and keep your schooling goingQ
Why is Tuition Assistance broken?A
The program isn’t broken. We’ve allocated more money in the history of the program this year. The site transition isn’t going as well as we’d hoped, but we’re working through the process to make sure you can still keep your education goals on track.Q
I really do apologize to all of our Soldiers that are getting frustrated with the process though.
That's a yikes from me, Sergeant Major. I don't know how you can hear all of these horror stories from people being absolutely screwed over by TA not working properly since the transition to ArmyIgnitED and say something like that. If something is failing so many of our Soldiers so horribly, it's broken. The last thing they want to hear is someone in an ultimate position of authority tell them it's not broken. They want leaders like you to understand how dire the situation is and start lighting fires.A
PAO: Fires are lit. Doesn’t change that we also almost ran out of money from all of the requests. 80,000+ have successfully used the program. We are going to fix the issues.Q
And more importantly, what is the time frame for it being fixed. I get that it’s broken, don’t really care why. I just want it fixed.A
We want it fixed as well. It’s unfortunately not something that we can accurately estimate. The best thing we can do at this point is ensure that Soldiers have a process to still register for classes and a process that educational institutions can still be paid without billing the Soldiers.Q
One of my main reasons to join the Army was to go to school and finish my degree. The whole TA faisco has cost me almost 2 semesters. Also tried to use the COOL program for 2 registries pertinent to my MOS and gave up using the website and paid out of pocket. No one at the support desk could provide any help. It's ridiculousA
It’s frustrating, and we believe the temporary solutions in place will bridge us long enough to get back to normal operations.Q
As a guardsman, TA being broken is unacceptable. I get there are other options for us to pay for school, but in my state we are pushed to TA first and then STR. The college benefits are a big reason why many of us, including myself, joined the NG. Not being able to use the benefits advertised and stated would be available to us makes my blood boil. Thankfully I was lucky enough to finish nursing school before Army Ignited was "launched". I would not be surprised if some units had problems getting soldiers to show up to drill due to unavailable benefits.A
I hear you and apologize for the frustration.Q
Why is this question so low.A
Not only why is TA broken but why is the Big Army ignoring people who have been complaining about this for months? And are they gonna be any consequences for those responsible for this boondoggle.
Lots of energy on this specific frustration in the past few days. I’m personally getting updates and I know ArmyU and CSM Alexander are working overtime to help as many people as possible.Q
Why has it only been a big deal recently? Mainly thanks to u/kim for doing most of the work on getting it to be heard by you and other Senior Leaders. I know CSM Alexander faithra43 is working overtime. I have seen her on Facebook personally responding to each and every message.A
Why though is this issue just recently making light at the HQDA level?
Ultimately, we have to give the team at ArmyU fair opportunities to solve the problem. They said it would take a set amount of time, and through no fault of their own, it is taking longer. We've been engaged on the topic - SMA has even sent out an SMA Sends before. The current conditions warrant increased attention.Q
Why can't we use TA for master's degrees without first completing ALC/CCC/WOAC? I want to be able to continue on with my education without being stonewalled by some arbitrary rule.A
Secondary - I don’t agree with it but it’s not necessarily arbitrary. It’s meant as a “carrot on a stick” tactic to pressure you to stay in and progress the way the army wants you to in order to access those benefits.
This is a big part of it. We also want TA to be an incentive for continued service.Link
Topics: CPL Program, Item Procurement, Marksmanship Badges, Barrack Life, Leave System
QWhat is the actual Reason for making SPC into CPL upon completing BLC?A
How can we start enforcing existing Regulations on providing for troops items they shouldn't have to purchase?
How can we Fix issues with Awarding Marksman Badges?
How can we fix the Barracks for E5+?
Will the Army ever adopt an fully electronic Leave and/or Award System?
Actual reason for CPL initiative? How will we make them more useful in the future? I wanted a way to better prepare Soldiers for becoming NCOs. It’s a positive, visual indicator they’ve completed the requirements to become a Sergeant (which, in the future will include validation of their Warrior Tasks and Battle Drills). My advice is to employ them as NCO, give them those small reps at being a leader and allow them to make decisions then mentor and coach them on how it went. They’re not going to get it right every time, and as leaders we have to accept that. Let them learn, and also be there to make sure nothing majors fails.Link
Uniform items provided by unit: This is one all of us have had to deal with. Short answer is “yes” - I will look at how I can remind unit leaders that many items are on the unit to issue. I can’t personally review every UIC purchase request, but it’s something we can work to inform on.
Marksmanship Badges: This one should be easy - If you’re a leader and it’s not being done to standard, make the correction. For the weapons qual example, go to the S3 and tell them that the cards need an O5 signature (or whatever the requirements are). Usually, when you have the courage to just speak up and say “that’s not the right way” you’ll find that people are willing to listen.
Fix barracks: In case you weren’t aware, we’ve earmarked $10b for barracks renovations over the next 9+ years. The challenge with all that work happening on an installation is that it compresses everyone else a little tighter. Fort Hood is a great example - they have more barracks construction happening at Fort Hood than anywhere else in the Army. They’re feeling the implications of that, too. It’s not a great situation right now, and it will take a little time for everything to even out.
One model I really like is the “2-4 plus 1” rooms where you’ll have a couple of rooms, with their own bathroom, that open into a common area with a kitchen, washedryer, and some space for a TV and a couch. That gives everyone some privacy while also providing opportunity for teams to live together and have a few amenities that they’re responsible for.
Electronic leave/awards system: IPPS-A will have some of this functionality, which is why it’s so important to have your information up to date and ready for the transition this December.
MEDPRO from a personal computer? The Army information systems have security requirements that are hard to overcome without putting things behind a CAC-wall. That makes it much more complicated to access your information, and for the right reasons. We have to protect your medical data as best as we can.
Topic: Bar to Reenlistment
QI like the idea of centralized promotions being mandatory in your initial primary. I like that SPC Dingbat can’t be held back from his chance by a SL who just doesn’t like their joe.A
But for a large amount of us (single contract soldiers) we have a gun to our head to invest a large amount of time into preparing and going to the board, at a critical juncture when we are in a dead sprint to complete TAP, secure a job, enroll in college, or use Workex/CSP/Vie-25. It’s antithetical to the entire TAP philosophy.
Why is the soldier not allowed to sign an MFR stating they do not wish to promote, take their bar, and move on? I am at risk of losing my chance to secure education that could prove vital to my civilian future, so that I can purposely bomb a board, which may hurt my chances to get approval from the CSM/BC to take part in the program.
Alternatively, could you just bar me personally? Think about it. You have the chance to do maybe the funniest thing anyone in the Army has ever done. The top man, barring a lowly Specialist because he asked on Reddit. My 1SG might actually have a stroke.
If you really want a bar to reenlistment, send me an email.Fun Fact:I believe this is the most upvoted/awarded response of the AMA
Link
Topic: Career Control / Tour Lengths
QWhy are OCONUS tours for unaccompanied SM with dependants 36 months rather than 24?A
Send a DM so we can help figure this out.Link
Q
Bump. Why do we say people first then do things that are so clearly not. Always talk the talk about creating a better environment for families and keeping them together, but when it comes down to it nothing is done.A
People First is a philosophy. It’s hard to execute in every scenario at every level by every leader. We’re working on a lot of policy to support that.Link
I think what is still missing is this idea of commitment vs. compliance. It’s easy to be compliant to what the reg or policy says - it’s harder to figure out a way to show commitment to your Soldiers to make sure the policy is working correctly for them. And when it doesn’t, I want you to submit the ETP and we can figure it out.
Q
Why are we still constantly PCSing with little or no say in where we go?A
Assignment preference is one of the biggest challenges - especially with our EFMP and Dual Military couples.Link
Ultimately, we’re looking at refinement of ASK-EM to assist with this. Remember that every situation is a little different and there’s only so many places that Soldiers CAN go that align with the needs of the Army and career development. Then there’s an element of timing, too. The position you’re aiming for has to come open around the time you’re able to move.
Most times that’s easy - if you’re trying to be an INF Squad Leader, for example. And for low density MOS’s it gets much more challenging.
One thing I am working on is more predictability for assignments - especially for utilization assignments after something like Drill SGT. You should be able to say “yes, I will go be a DS, and then I’d like to go to xxx” - something that simple will help you and your family have some predictability and could make a huge impact in our ability to get quality DS candidates.
Topic: The Sole Allowable Beard Question
Q"Beards?" by admiralfoxxA
I fully understand that the stigma around shaving profiles needs to change. Having a medical profile that states your health is negatively impacted by shaving has absolutely no impact on your ability to perform as a Soldier. That’s a stigma that isn’t going to be easy to change, I’m doing my best to help.Link
As far as beards... we’re still not at a point that we’re going to authorize them fully. One of the biggest concerns still revolves around the safety issues related to the pro-mask. A few months ago, we were looking at it again and found some interesting research done with firefighters and their ability to get a seal on their masks (which are very similar to ours) and found there is a significant risk with allowing facial hair.
Balkhyour quantitatively fit tested 40 firefighters three times each day for five days while they wore two different brands of full facepiece air-purifying respirators. Firefighters having beards showed a mean leak rate more than 10 times that of non-bearded firefighters.
I know this is an issue that likely won’t go away, there’s just more work we have to do from a policy standpoint before we get there.
Topic: Enlisted Promotions
QWith realignment of enlisted promotions is their any plan to giving weight to technical skills during semi centralized promotions in an effort to creat a smarter more technical Army?A
Additionally if promotion to Corporal is going to become automatic are there plans to start giving them NCOERs?
Right now, the outlined considerations in DA PAM 600-25 are a great resource for what the promotion boards are looking for. If you haven’t read that for your MOS, you’re going to fall a little behind in your career planning. There isn’t a current plan to add more weight there, and we’re constantly looking at ways to ensure we’re developing and selecting the right leaders.Link
There will be no requirement to give CPLs an NCOER. If you want to do it just to build their experience with being rated, then that’s something that could be beneficial to them later.
Q
What was the reasoning behind the newest update to the reg regarding pin-on criteria TIG/TIS for SFC? (Moving to 4 years)A
We were losing SSGs before they had the opportunity to actually learn their jobs and broaden.Q
Take any combat arms SSG - they get promoted, get DA Selected to recruiter, go have a successful tour at a station, become promotable in 2 years, go back to the operational force and all of the sudden they’re a platoon sergeant in a line company with no experience as a squad leader.
We found that similar situations were becoming more of the norm. This isn’t to punish those SSGs who are doing an awesome job - we just need to make sure they’re getting their opportunities to develop as a SSG in a squad/section leader role AND be able to do some kind of broadening assignment before we force them up and then they’re not as able to mentor their SSGs.
I’m not too familiar with the NCO promotion side but are there any thoughts on having high performing individuals promoted BZ as seen in the Officer Promotions? This would be limited to a very few deserving individuals. I am asking this as I’ve worked with SSGs and SFCs who’s knowledge base, work ethic, and proficiency in both their MOS and as a leader far outshines a majority of 1SGs and SGMs that I’ve worked with.A
That's not unheard of, but there are still minimum requirements for TIG/TIS. The top performers will get selected, but there are baselines to be considered still.Q
So basically the army is punishing people for fast tracking.A
PAO: definitely not what he said at all... Becoming a CPL is a visual indicator that you're fully qualified for promotion to SGT minus meeting the cutoff score. It's a lot better than putting "SPC(P)" in your signature blocks.Link
Q
If record pt tests are suspended right now why do e4s need a record on file to promote?*A
Yes. That’s why we authorized all E4s the option to take an APFT for purposes of promotionLink
Topic: Fitness, CQ, ACFT
QI understand the purpose of fitness, but can we change the mandatory 5 days a week morning pt?A
What is the relevance of 24 hour CQ in today’s modern society?
Why do we have the over-head ball throw?
CQ and Staff Duty, when done correctly, are still very important aspects. Especially in the barracks - we own that space and it should be the safest place in the Army. Engaged CQ NCOs can help build that safety culture, and help make sure that we’re limiting some preventable accidents that happen there.Link
The standing power throw isn’t about **yeeting the ball as far as you can. It’s about quickly and explosively transferring power from your feet, through your body. The exercise chosen to best help us quantifiably measure that happens to be the SPT.
Q
Why do we have an event that is more technique based in the ACFT? Legitimate question.A
see previous answerLink
Q
The ACFT is badA
We recognize that the APFT is a poor indicator of a Soldiers actual fitness. The peer-reviewed study that the ACFT is founded in shows that it’s a much higher predictor of the ability to conduct WTBDs, so it’s developing the supporting policy that allows us to apply it to 1.1 million people. We don’t plan on making any changes to 3.0, but need to make sure that we’re getting this right for our Soldiers.Link
Q
How can the ACFT still claim to be a balanced solution between gender integration into combat arms and maintaining appropriate minimum physical fitness standards for those combat arms MOS’s when we have so clearly deviated from what was “required” only two years ago?A
I still like having MOS standards, we found it was just really complicated for the initial rollout. For now, we just need to baseline the Army on the test and get it normalized.Link
Topic: SFC Cashe MOH
QIs anything being done to help facilitate SFC Alwyn Cashe be awarded the MOH?A
The Army had done its part. We are not the ones who award it.Link
Topic: Barracks Living
QHello SMA, mine is gonna be about getting out of the barracks.A
Answered this elsewhere, and to reiterate - we’re spending $10B over the next 9+ years to eliminate ALL Q3/4 (Q scale: 1 is best, 4 is worst) barracks in the Army. That will require some friction points as we take the old barracks offline to renovate or rebuild. Hood is a great example of that. And they have the most ongoing construction in the Army.Link
Topic: Guard/Reserve Issues
QBig Army leans heavily on Reserve and Guard troops for global commitments , what is big Army doing to modernize these troops who often are issued inferior equipment.A
What we used to do is modernize the entire active component, then move to compo 2/3. We don’t do that anymore, and it just takes time to get everywhere. There is a modernization schedule, usually focused on those known-deployments, and building up readiness through modernization as the budget and schedule allows. ReARMM should help provide some additional predictability in how modernization will happen.Link
Q
Does the Army anticipate a retention problem in the Guard based on the above factors? If so, are there changes being discussed to mitigate the impact? Do you anticipate changes in the near future to how the National Guard is implemented?A
Do you see these increased time commitments as sustainable, long term, for a reserve component?
First of all, our National Guard and Reserves deserve so much credit for the past year+. I’d hope those Soldiers can realize how vital they’ve been to our Nation and that would be enough to continue to serve. And I also understand the hardships many of them go through to be ready to activate on short notice. We’re engaging with the Dept of Labor to see how we can help make sure USERRA is working as well as it can, and also figuring out how to get them the benefits they’ve earned on those activations. Compo 2/3 come with a unique set of challenges, but as someone recently told me they “saved our democracy” - so I want them to know we are extremely grateful and couldn’t have done everything we did as an Army this year without them.Link
Q
What is being done to support the part time force so that they may be able to keep pace with their AD counterparts?A
The issue that Compo 2/3 will fall behind active component on ACFT shouldn’t be as much of a concern as some make it out to be. Ultimately, you generally don’t compete against active component for jobs, schools, or promotions so it evens itself out somewhat in that regard. I still want you all to leverage the resources and PRT manual we’ve had out for 11 years to continue to keep yourselves ready for your mission. If you’re doing that, I believe that passing the ACFT will take care of itself.Link
Topic: Body Fat
QGood morning, SMA! What is the status of taping and the review of it?A
Updates to 600-9 are being looked at now, there are still some major questions that are being looked at - including the final answer on whether the ACFT will be fully implemented after the current independent review we’re doing.Link
Q
Is there a review of the Army Body Composition Program? If so, do you think it will be updated and when?A
We're doing a study on it now and will share the results upon the conclusion.Link __
Topic: Spouse Support
QWhat is the Army doing to improve career spouse employment at decent wages?A
Spouse employment is one of the five topics we’re discussing when you hear the Army mention “quality of life” (others being housing/barracks, healthcare, childcare, and PCS moves). One thing we’ve done recently is increase the amount of money available for spouses who have to get re-licensed when they’re moving to a new state. For spouses that are in the NAF category for jobs, we can transfer their job to the new duty station. And we’re engaging Congress to support a plan for license reciprocity as spouses PCS.Link
It’s a huge challenge for spouses in some fields to move so often, and this is something we are actively working on. Happy to hear any suggestions I can pass along.
Topic: CSM_Airbone
Qey sarmageA
sarmages questions bout them ol farrin jump wangs trackin lotta them ol paratroopers done put the time in ta jump with they partner nations paratroopers an an an takin them ol furrin jump wangs away takes a lil bit a pride away from a paratrooper hooah not ta mention the whole damn dang dong purpose a furrin jumps is skyurtee coopration with them ol partner nations a ours trackin roger them ol furrin troopers get excited when they see merican heroes from the ALL MERICAN DVISION wearin they wangs roger sarmage thank that cmanders ain goan woan do no more jump exchanges ifn prii snuffy caint wear them furrin wangs roger
an ey sarmage sarmage unnerstand ever thang bout displine an uniforms roger thass niney fie percent a ol sarmages job checkerhold but ifn we caint trust a toon sarn ta know ifn a troop done earnt them wangs an caint trust furs sarn ta know ifn them wangs is worn correctly on them ol class a uniforms wunst a quarter an sarmage caint get a formation excited bout participatin inna jump exchange with an extry jump er two ta git a furrin badge then reckon sarmages tallion goan go head own an skip the next un hooah anyway guess ol sarmages tryin ta say is disband the 173rd roger buncha dang ol posers how copy hooah airbone
I’ll ask you this: who is responsible for the overall quality of the NCOs in a unit?I just wanted to highlight that SMA and CSM_Airbone interacted really
Link
Topic: Space Force
QGood morning, how do you feel about Army personnel going over to the Space Force?A
I support their decision to continue to serve. It’s an important mission and they have a huge responsibility. Good luck to them.Link
Topic: SLA, lagomorph42
QSLA. If you don't know this by now, you need to look at Lagomorph's posts, and read his comment fully.A
SLA is something we’re working on now at HQDA. We’re trying to get a comprehensive policy out as soon as possible.Link
Topic: Personal Outreach
QSMA Grinston, I was blown up via IED in your brigade in Afghanistan in 2011 and medically retired.A
As an lower enlisted, my retirement calculation is dog shit. My VA compensation is a couple steps above dog shit. Because of the laws, I am not eligible for Concurrent Retirement & Disability Pay (CDRP). Will Army leadership push for congressional changes in the law that would more fairly compensate the sacrifices of soldiers like me?
You can't support a family on this amount of money, and I can't receive both Army & VA pay because I had the misfortune to be blown up as an E3 on his first tour. Entire career paths have been closed off to me because of my medical problems I obtained in Afghanistan. The CRSC math adds almost nothing. I dont want to sound ungrateful for what I do get, but I'm stuck with these injuries for another 60-70 years of my life.
Please send me a DM so we can help.Link
Topic: Misc
QSMA,A
Do you still salute 2LT's, but like honestly?
Actually yes. Happened just a few weeks ago.Link
Q
What is the SMA or the Army doing to address the communication issue with soldiers, schools and the public on tuition assistance moving forward?A
from the PAO: I think you're seeing it. It's about being deliberate with our time and doing a better job of realizing where Soldiers are looking for leaders to engage. The biggest challenge is time. There are a lot of hot topics at any given moment and there are a lot of incredibly important topics that are never really 'topical' ... so how do you balance that with the amount of time needed for other things. It's easy to say "well how hard is it to just be on social media?" or "we tweeted you about that and never got an answer" - which isn't completely unfair, but everything requires time, and that's just a finite resource. It's easy to forget that senior leaders have families and the same life-stuff as the rest of us. So when we don't talk about something it's not always malicious. When we DO talk about something, that's not always the MOST important thing going on. Silence isn't always inaction and especially in cases where something directly impacts and individual Soldier, I can tell you that the number one priority is to reach out to them first before trying to be performative on social media.Link
Q
I am a fan of the This is My Squad initiative. However, I feel like it also trying to push that our squad leaders are super heroes. They have to be career counselors, finance experts, mental/behavioral health specialists, experts at their own craft, PT studs, and somehow manage their own life all at the prime age of 23-27. I think there's not enough tools at the squad level to help those young leaders.A
Is there an upcoming product coming from big Army or what would you suggest to young leaders who are trying to balance these responsibilities?
Thanks for this question, I don't need SSGs to be all those things. I just need them to know how to find all of those things. I need SSGs to focus on building cohesive teams that are highly trained, disciplined, and mentally/physically fit. Here's the thing: that message isn't SMA to SSGs... it's SMA to the entire Army. Every single person at every single rank and position has a role in that. It just all happens to focus in at the SSG level where the majority of Soldiers fall under.Link
You're right about them not being able to handle it on their own - which is why the SNCOs have a responsibility to coach, train, and mentor. It's also why I need SSGs in position longer, so the future SNCOs have more practical experience to develop the next generation.
Q
Is it possible to have more public transparency on why Senior Leaders were removed and/or punished, to restore confidence in the military justice system, serve as a warning to other toxic/misbheaving leaders, and to help us grow from the lessons learned?A
I appreciate this comment and will take it on. I agree with you. e.g. When you look at Fort Hood, 21 leaders weren't suspended or relieved because of SPC Guillen's murder.Link
They were relieved because the independent review showed that they allowed a culture permissive of counter-productive leadership and sexual assault/harassment.
Q
Can we please make Microsoft365 as accessible as teams was. I was more productive on a regular basis being able to take (non PII) work home. Microsoft365 is basically an overly glorified shared drive. I understand it will begin synching with outlook and outlook calendar by the end of the year.A
We're piloting a "bring your own device" program beginning this month and think it could be a great step in getting back to a more accessible solution.Link
Q
As a force, what do we need to do to change the negative connotations the Army has?A
enlisted looking forward to getting out is something we've always had to contend with. As leaders, we've got to identify those with great potential in the Army and find ways to retain them. For some people it could be as simple as sending them to a school that maybe they don't actually "need" - but if that's all we have to do to keep a quality Soldier for a few more years, then it could be worth it. It probably takes a couple of years before a person fully adopts the Army culture, and it's just not for everyone. That's ok.Link
As far as suicide goes, especially right now, I think we've lost some of our ability to have meaningful social interactions. That's part of the reason why the vaccine is so important to me. I want us to be able to come back together socially, in person, without masks, so we can talk and look each other in the face. I think that could help curb some of the issues we've seen in the last year, but don't forget that the duty for all of us to know and engage with your team never went away.
2021.05.25 20:26 utradea (TSE:TKO) (AMEX:TGB) - Revisiting DD for Taseko Mines
This position was posted on March 16, 2021 by GeorgeL88 and has returned 27% to date. We wanted to highlight the original analysis which can be found here
Copper price to rise in 2021: analysts (SP Global – link here)
Copper supply expected to move into deficit in 2021. (Mining - link here)
Copper was already trading near eight-year highs in January but prices for the red metal surged again in mid-February, with March contracts reaching $4.12 per lb. on Feb. 22 – nearing an all-time high of $4.58 per lb. in 2011, as investors bet that supply tightness will increase as the world gradually recovers from the covid-19 pandemic.
Taseko’s hedging strategy is designed to secure a minimum price for a significant portion of their near term production through the purchase of copper put options. Put options maturing over the first half of 2021: 7.5Mlbs at US$2.80/lb for Q1 and 30Mlbs at US$3.20/lb for H1 (Page 25 – Link here)
Summary of how this works: Buyers of put options can hedge their downside price risk for a period of time and still benefit from potential price gains if the market should increase. Once the premium is paid, the put buyer has no further obligation. Depending on price movements, the producer can either accept or leave the guaranteed price.
This leaves Taseko in great position to take advantage of high copper prices and limit downside risk.
On December 8, 2020, the Company received the Aquifer Protection Permit ("APP") permit from the Arizona Department of Environmental Quality ("ADEQ"). The APP permit was issued following a public comment period and public hearing in August 2020 where the project received strong support from local community members, business owners and elected officials. The other required permit is the Underground Injection Control ("UIC") Permit from the U.S. Environmental Protection Agency ("EPA"). The EPA's technical review for the UIC permit has identified no significant issues and the Company expects to receive this permit in the coming month. link here
Disclaimer: This is not investment advice, do your own research!
Full analysis and discussion can be found here
For the latest investment ideas and insights check out utradea or join the community here
submitted by utradea to Utradea [link] [comments]
Taseko Mines
With copper prices near an all-time high and demand growing I wanted to find a decent junior mining company that is undervalued. Taseko stood out because they have been running in the red for a number of years but have started turning it around and will likely be profitable this year.Summary
- Copper prices are rising and near 8-year highs with demand expected to grow
- Taseko currently produces copper at a cost of $1.92/lb – current price is $4.1/lb and is hedged well against downside price risk. They are taking advantages of high copper prices
- An environmentally friendly and low-cost mine under development in Arizona is going through final permitting, and if approved this would be a significant boost to their operation
Taseko Mines Overview
Taseko Mines is a dynamic and growing mining company focused on the operation and development of mines in North America. Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine, the second largest copper mine in Canada, with a nearly 700 person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year. Taseko’s wholly-owned Florence Copper, Yellowhead, and Aley projects are all advanced staged projects that provide the company with a diverse commodity pipelineMarket Outlook
I highlighted two key articles below - essentially copper demand is increasing and supply is dropping, which is starting to be reflected by the price of copper.Copper price to rise in 2021: analysts (SP Global – link here)
- Copper to flip into deficit
- Chinese stimulus to support demand
- Decarbonization bullish for metal
Copper supply expected to move into deficit in 2021. (Mining - link here)
Copper was already trading near eight-year highs in January but prices for the red metal surged again in mid-February, with March contracts reaching $4.12 per lb. on Feb. 22 – nearing an all-time high of $4.58 per lb. in 2011, as investors bet that supply tightness will increase as the world gradually recovers from the covid-19 pandemic.
Price of Copper and Taseko’s Hedge
As a mining company a lot of their value ties to the price of copper (I know, pretty obvious) Price of Copper is $4.1/lb as of writing this analysis. This bodes well for Taseko, which we will discuss a little further down in the analysis. Taseko also employees a hedging strategy, like a decent commodity production company should, to limit their downside riskTaseko’s hedging strategy is designed to secure a minimum price for a significant portion of their near term production through the purchase of copper put options. Put options maturing over the first half of 2021: 7.5Mlbs at US$2.80/lb for Q1 and 30Mlbs at US$3.20/lb for H1 (Page 25 – Link here)
Summary of how this works: Buyers of put options can hedge their downside price risk for a period of time and still benefit from potential price gains if the market should increase. Once the premium is paid, the put buyer has no further obligation. Depending on price movements, the producer can either accept or leave the guaranteed price.
This leaves Taseko in great position to take advantage of high copper prices and limit downside risk.
Mine Overview
Gibraltar – Copper Mine in BC – Currently Operating- Taseko bought this mine in 1999 for $1. Can you believe that? Interesting piece of info
- On a cost per ton milled basis, Gibraltar is one of the lowest cost operations in the world.
- Cash cost of US$1.80/lb to produce copper
- Has produced an average of $125 Million lbs of copper on an annual basis
- Currently in the development phase – permitting in is process with the EPA. All major power, transportation, road and rail infrastructure are in place. Once complete, Florence will be one of the greenest sources of copper in the US
- Annual production capacity of 85 million pounds
- Permitting and construction to take place throughout 2021 and production will start in 2022
- After-tax NPV(7.5%) of US$680 million and an IRR of 37% and a 2.5 year payback
On December 8, 2020, the Company received the Aquifer Protection Permit ("APP") permit from the Arizona Department of Environmental Quality ("ADEQ"). The APP permit was issued following a public comment period and public hearing in August 2020 where the project received strong support from local community members, business owners and elected officials. The other required permit is the Underground Injection Control ("UIC") Permit from the U.S. Environmental Protection Agency ("EPA"). The EPA's technical review for the UIC permit has identified no significant issues and the Company expects to receive this permit in the coming month. link here
Highlights from Recent Earnings Call – Feb 25, 2021
I pulled a few highlights from a recent earnings call. In summary, they are one o the lowest cost copper producers in the world and their Florence mine adds significant value to Taseko.- CEO “We run our mining operations at the highest level we can in the lowest operating cost we can achieve. And on top of that, we ensure that our capital discipline is a No. 1 priority for us. We produced 123 million pounds of copper for the year at a cash cost of $1.92 a pound,
- Florence is one of the lowest capex intensity copper projects in the world. It also has a low operating cost of $1.10 a pound. And it's a green project that will produce refined copper capital with 90% less carbon emissions than a conventional mine. This will become a new U.S. domestic supply of green metal that fits very well into government plans for renewable energy infrastructure and electric vehicle manufacturing.
- CFO “Florence has a net present value of 680 million based on our 2017 technical report using a $3 copper price. With funding substantially in hand and removing that capex in that model, that increases the funded NPV of Florence up to 900 million or USD 3.25 per share. And if I run that funded Florence model using 3.50 copper price, it's USD 4 per share. And at today's copper price of 4.30 per pound, I see an NPV of USD 5.50 per share.”
Financial Highlights and Comparables
- Analyst Price Target - Average: $2.63 and High: $3.00
- Price to Book: Taseko has a PB Ratio of 2x compared to the CA Metals and Mining industry average 2.8x. A lower P/B ratio could mean the stock is undervalued.
- Quick Ratio: 1.25 - The quick ratio is important for evaluating mining companies because of the substantial capital expenditures and financing necessary for mining operations. Analysts and creditors prefer to see quick ratio values higher than 1, the minimum acceptable value
- Debt Level: TKO's debt to equity ratio at 1450 which is high. For comparison Copper Mountain Mining Corp has a D/E ratio of 0.6 and a similar market cap
Risk
- EPA Permit does not get approved – this is unlikely but Taseko is banking on this project coming through as this mine is one of their key assets.
- ROE: -0.07 - Average ROEs in the mining industry range between 5% and 9%, with the best-performing companies producing ROEs closer to 15% or more. The ratio is calculated by dividing net income by stockholders' equity.
- Long Term Liabilities: TKO's short term assets $157.2Mdo not cover its long term liabilities CA$514.5M.
TLDR
Copper demand is increasing, supply is decreasing, and the price of copper has therefore increased. Taseko is one of the lowest cost copper producers, with a great existing asset, and they are nearing the final stages of developing another low cost and environmentally friendly mine. They are waiting on EPA approval, and if approved, the CFO has projected a value of $4.00 per share.Disclaimer: This is not investment advice, do your own research!
Full analysis and discussion can be found here
For the latest investment ideas and insights check out utradea or join the community here
2021.03.23 18:09 Nice-Pick8077 Taseko Mines (TSE:TKO) (AMEX:TGB) - Copper is Near All Time High - This Low Cost Producer is Taking Advantage (DD)
 | Taseko Mines (TSE:TKO) (AMEX:TGB) - Copper is Near All Time High - This Low Cost Producer is Taking Advantage (DD)DD$TGB $TKO With copper prices near an all-time high and demand growing I wanted to find a decent junior mining company that is undervalued. Taseko stood out because they have been running in the red for a number of years but have started turning it around and will likely be profitable this year. Summary
Taseko Mines is a dynamic and growing mining company focused on the operation and development of mines in North America. Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine, the second largest copper mine in Canada, with a nearly 700 person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year. Taseko’s wholly-owned Florence Copper, Yellowhead, and Aley projects are all advanced staged projects that provide the company with a diverse commodity pipeline Market Outlook I highlighted two key articles below - essentially copper demand is increasing and supply is dropping, which is starting to be reflected by the price of copper. Copper price to rise in 2021: analysts (SP Global – link here)
Copper supply expected to move into deficit in 2021. (Mining - link here) Copper was already trading near eight-year highs in January but prices for the red metal surged again in mid-February, with March contracts reaching $4.12 per lb. on Feb. 22 – nearing an all-time high of $4.58 per lb. in 2011, as investors bet that supply tightness will increase as the world gradually recovers from the covid-19 pandemic. Price of Copper and Taseko’s Hedge As a mining company a lot of their value ties to the price of copper (I know, pretty obvious**) Price of Copper is $4.1/lb as of writing this analysis**. This bodes well for Taseko, which we will discuss a little further down in the analysis. Taseko also employees a hedging strategy, like a decent commodity production company should, to limit their downside risk Taseko’s hedging strategy is designed to secure a minimum price for a significant portion of their near term production through the purchase of copper put options. Put options maturing over the first half of 2021: 7.5Mlbs at US$2.80/lb for Q1 and 30Mlbs at US$3.20/lb for H1 (Page 25 – Link here) https://preview.redd.it/9base9ye8to61.png?width=469&format=png&auto=webp&s=451bbfcf31bb3fccc6b108c1462ec22849ceb396 Summary of how this works: Buyers of put options can hedge their downside price risk for a period of time and still benefit from potential price gains if the market should increase. Once the premium is paid, the put buyer has no further obligation. Depending on price movements, the producer can either accept or leave the guaranteed price. This leaves Taseko in great position to take advantage of high copper prices and limit downside risk. Mine Overview Gibraltar – Copper Mine in BC – Currently Operating
On December 8, 2020, the Company received the Aquifer Protection Permit ("APP") permit from the Arizona Department of Environmental Quality ("ADEQ"). The APP permit was issued following a public comment period and public hearing in August 2020 where the project received strong support from local community members, business owners and elected officials. The other required permit is the Underground Injection Control ("UIC") Permit from the U.S. Environmental Protection Agency ("EPA"). The EPA's technical review for the UIC permit has identified no significant issues and the Company expects to receive this permit in the coming month. link here Highlights from Recent Earnings Call – Feb 25, 2021 I pulled a few highlights from a recent earnings call. In summary, they are one o the lowest cost copper producers in the world and their Florence mine adds significant value to Taseko.
Financial Highlights and Comparables
https://preview.redd.it/gsv9eyff8to61.png?width=546&format=png&auto=webp&s=818dd0fbecf26c87aef81f29dd9612e751552f5b One interesting thing I came is across is in a recent Copper Mountain Mining presentation they highlight their Eva project is relatively “cheap” from a capital expenditure perspective at $3.87 which is about half the average CAPEX/LOM. However they also include the Florence mine, the one under development for Taseko, and it has a CAPEX/LOM of $2.35, which is 60% Less than the Eva project. Link here Risk https://preview.redd.it/32l3v6vf8to61.png?width=557&format=png&auto=webp&s=a6190aef1f471376730190b5f6646d5d93db7fc6
Copper demand is increasing, supply is decreasing, and the price of copper has therefore increased. Taseko is one of the lowest cost copper producers, with a great existing asset, and they are nearing the final stages of developing another low cost and environmentally friendly mine. They are waiting on EPA approval, and if approved, the CFO has projected a value of $4.00 per share. My friend and I also created a dedicated platform for investment ideas, insights, and financial information here Disclaimer: This is not investment advice, do your own research! Disclosure: I do not own shares of Taseko - it is on my watchlist. |
2021.03.23 18:08 Nice-Pick8077 Taseko TGB
 | Taseko Mines (TSE:TKO) (AMEX:TGB) - Copper is Near All Time High - This Low Cost Producer is Taking Advantage (DD)DD 📷$TGB $TKO With copper prices near an all-time high and demand growing I wanted to find a decent junior mining company that is undervalued. Taseko stood out because they have been running in the red for a number of years but have started turning it around and will likely be profitable this year. Summary
Taseko Mines is a dynamic and growing mining company focused on the operation and development of mines in North America. Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine, the second largest copper mine in Canada, with a nearly 700 person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year. Taseko’s wholly-owned Florence Copper, Yellowhead, and Aley projects are all advanced staged projects that provide the company with a diverse commodity pipeline Market Outlook I highlighted two key articles below - essentially copper demand is increasing and supply is dropping, which is starting to be reflected by the price of copper. Copper price to rise in 2021: analysts (SP Global – link here)
Copper supply expected to move into deficit in 2021. (Mining - link here) Copper was already trading near eight-year highs in January but prices for the red metal surged again in mid-February, with March contracts reaching $4.12 per lb. on Feb. 22 – nearing an all-time high of $4.58 per lb. in 2011, as investors bet that supply tightness will increase as the world gradually recovers from the covid-19 pandemic. Price of Copper and Taseko’s Hedge As a mining company a lot of their value ties to the price of copper (I know, pretty obvious**) Price of Copper is $4.1/lb as of writing this analysis**. This bodes well for Taseko, which we will discuss a little further down in the analysis. Taseko also employees a hedging strategy, like a decent commodity production company should, to limit their downside risk Taseko’s hedging strategy is designed to secure a minimum price for a significant portion of their near term production through the purchase of copper put options. Put options maturing over the first half of 2021: 7.5Mlbs at US$2.80/lb for Q1 and 30Mlbs at US$3.20/lb for H1 (Page 25 – Link here) https://preview.redd.it/j4hzt9ha8to61.png?width=469&format=png&auto=webp&s=de9abef4baac6a0146d25f98564479e1195cd185 Summary of how this works: Buyers of put options can hedge their downside price risk for a period of time and still benefit from potential price gains if the market should increase. Once the premium is paid, the put buyer has no further obligation. Depending on price movements, the producer can either accept or leave the guaranteed price. This leaves Taseko in great position to take advantage of high copper prices and limit downside risk. Mine Overview Gibraltar – Copper Mine in BC – Currently Operating
On December 8, 2020, the Company received the Aquifer Protection Permit ("APP") permit from the Arizona Department of Environmental Quality ("ADEQ"). The APP permit was issued following a public comment period and public hearing in August 2020 where the project received strong support from local community members, business owners and elected officials. The other required permit is the Underground Injection Control ("UIC") Permit from the U.S. Environmental Protection Agency ("EPA"). The EPA's technical review for the UIC permit has identified no significant issues and the Company expects to receive this permit in the coming month. link here Highlights from Recent Earnings Call – Feb 25, 2021 I pulled a few highlights from a recent earnings call. In summary, they are one o the lowest cost copper producers in the world and their Florence mine adds significant value to Taseko.
Financial Highlights and Comparables
https://preview.redd.it/9acc1bwa8to61.png?width=546&format=png&auto=webp&s=4fb48bac3bf167394bfd3a9dbc194b38dcc1b526 One interesting thing I came is across is in a recent Copper Mountain Mining presentation they highlight their Eva project is relatively “cheap” from a capital expenditure perspective at $3.87 which is about half the average CAPEX/LOM. However they also include the Florence mine, the one under development for Taseko, and it has a CAPEX/LOM of $2.35, which is 60% Less than the Eva project. Link here Risk https://preview.redd.it/ijv870cb8to61.png?width=557&format=png&auto=webp&s=74c3046dbcc2c6ecbbfee45b5c8016692e4102bd
Copper demand is increasing, supply is decreasing, and the price of copper has therefore increased. Taseko is one of the lowest cost copper producers, with a great existing asset, and they are nearing the final stages of developing another low cost and environmentally friendly mine. They are waiting on EPA approval, and if approved, the CFO has projected a value of $4.00 per share. My friend and I also created a dedicated platform for investment ideas, insights, and financial information here Disclaimer: This is not investment advice, do your own research! I own shares of Taseko - it is on my watchlist. |
2021.03.23 18:07 Nice-Pick8077 Taseko Mines (TSE:TKO) (AMEX:TGB) - Copper is Near All Time High - This Low Cost Producer is Taking Advantage (DD)
 | Taseko Mines (TSE:TKO) (AMEX:TGB) - Copper is Near All Time High - This Low Cost Producer is Taking Advantage (DD)With copper prices near an all-time high and demand growing I wanted to find a decent junior mining company that is undervalued. Taseko stood out because they have been running in the red for a number of years but have started turning it around and will likely be profitable this year. Summary
Taseko Mines is a dynamic and growing mining company focused on the operation and development of mines in North America. Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine, the second largest copper mine in Canada, with a nearly 700 person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year. Taseko’s wholly-owned Florence Copper, Yellowhead, and Aley projects are all advanced staged projects that provide the company with a diverse commodity pipeline Market Outlook I highlighted two key articles below - essentially copper demand is increasing and supply is dropping, which is starting to be reflected by the price of copper. Copper price to rise in 2021: analysts (SP Global – link here)
Copper supply expected to move into deficit in 2021. (Mining - link here) Copper was already trading near eight-year highs in January but prices for the red metal surged again in mid-February, with March contracts reaching $4.12 per lb. on Feb. 22 – nearing an all-time high of $4.58 per lb. in 2011, as investors bet that supply tightness will increase as the world gradually recovers from the covid-19 pandemic. Price of Copper and Taseko’s Hedge As a mining company a lot of their value ties to the price of copper (I know, pretty obvious**) Price of Copper is $4.1/lb as of writing this analysis**. This bodes well for Taseko, which we will discuss a little further down in the analysis. Taseko also employees a hedging strategy, like a decent commodity production company should, to limit their downside risk Taseko’s hedging strategy is designed to secure a minimum price for a significant portion of their near term production through the purchase of copper put options. Put options maturing over the first half of 2021: 7.5Mlbs at US$2.80/lb for Q1 and 30Mlbs at US$3.20/lb for H1 (Page 25 – Link here) https://preview.redd.it/hmdsle118to61.png?width=469&format=png&auto=webp&s=e8f7e2a4e2e14a387a0d6c97a032289744275729 Summary of how this works: Buyers of put options can hedge their downside price risk for a period of time and still benefit from potential price gains if the market should increase. Once the premium is paid, the put buyer has no further obligation. Depending on price movements, the producer can either accept or leave the guaranteed price. This leaves Taseko in great position to take advantage of high copper prices and limit downside risk. Mine Overview Gibraltar – Copper Mine in BC – Currently Operating
On December 8, 2020, the Company received the Aquifer Protection Permit ("APP") permit from the Arizona Department of Environmental Quality ("ADEQ"). The APP permit was issued following a public comment period and public hearing in August 2020 where the project received strong support from local community members, business owners and elected officials. The other required permit is the Underground Injection Control ("UIC") Permit from the U.S. Environmental Protection Agency ("EPA"). The EPA's technical review for the UIC permit has identified no significant issues and the Company expects to receive this permit in the coming month. link here Highlights from Recent Earnings Call – Feb 25, 2021 I pulled a few highlights from a recent earnings call. In summary, they are one o the lowest cost copper producers in the world and their Florence mine adds significant value to Taseko.
Financial Highlights and Comparables
https://preview.redd.it/ji14hso28to61.png?width=546&format=png&auto=webp&s=2517d1b3282d1c24dab8896962e53aa711e36ba9 One interesting thing I came is across is in a recent Copper Mountain Mining presentation they highlight their Eva project is relatively “cheap” from a capital expenditure perspective at $3.87 which is about half the average CAPEX/LOM. However they also include the Florence mine, the one under development for Taseko, and it has a CAPEX/LOM of $2.35, which is 60% Less than the Eva project. Link here Risk https://preview.redd.it/gsrf3t038to61.png?width=557&format=png&auto=webp&s=6430d24f2c57e96dea5372dc1e871e0fe4df95cd
Copper demand is increasing, supply is decreasing, and the price of copper has therefore increased. Taseko is one of the lowest cost copper producers, with a great existing asset, and they are nearing the final stages of developing another low cost and environmentally friendly mine. They are waiting on EPA approval, and if approved, the CFO has projected a value of $4.00 per share. Disclaimer: This is not investment advice, do your own research! Check out Utradea for the latest DD posts. My friend and I also created a dedicated platform for investment ideas, insights, and financial information here |
2021.03.23 18:05 Nice-Pick8077 Taseko mines (TGB)
Taseko Mines (TSE:TKO) (AMEX:TGB) - Copper is Near All Time High - This Low Cost Producer is Taking Advantage (DD)
With copper prices near an all-time high and demand growing I wanted to find a decent junior mining company that is undervalued. Taseko stood out because they have been running in the red for a number of years but have started turning it around and will likely be profitable this year.
Summary
- Copper prices are rising and near 8-year highs with demand expected to grow
- Taseko currently produces copper at a cost of $1.92/lb – current price is $4.1/lb and is hedged well against downside price risk. They are taking advantages of high copper prices
- An environmentally friendly and low-cost mine under development in Arizona is going through final permitting, and if approved this would be a significant boost to their operation
Taseko Mines is a dynamic and growing mining company focused on the operation and development of mines in North America. Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine, the second largest copper mine in Canada, with a nearly 700 person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year. Taseko’s wholly-owned Florence Copper, Yellowhead, and Aley projects are all advanced staged projects that provide the company with a diverse commodity pipeline
Market Outlook
I highlighted two key articles below - essentially copper demand is increasing and supply is dropping, which is starting to be reflected by the price of copper.
Copper price to rise in 2021: analysts (SP Global – link here)
- Copper to flip into deficit
- Chinese stimulus to support demand
- Decarbonization bullish for metal
Copper supply expected to move into deficit in 2021. (Mining - link here)
Copper was already trading near eight-year highs in January but prices for the red metal surged again in mid-February, with March contracts reaching $4.12 per lb. on Feb. 22 – nearing an all-time high of $4.58 per lb. in 2011, as investors bet that supply tightness will increase as the world gradually recovers from the covid-19 pandemic.
Price of Copper and Taseko’s Hedge
As a mining company a lot of their value ties to the price of copper (I know, pretty obvious**) Price of Copper is $4.1/lb as of writing this analysis**. This bodes well for Taseko, which we will discuss a little further down in the analysis. Taseko also employees a hedging strategy, like a decent commodity production company should, to limit their downside risk
Taseko’s hedging strategy is designed to secure a minimum price for a significant portion of their near term production through the purchase of copper put options. Put options maturing over the first half of 2021: 7.5Mlbs at US$2.80/lb for Q1 and 30Mlbs at US$3.20/lb for H1 (Page 25 – Link here)
Summary of how this works: Buyers of put options can hedge their downside price risk for a period of time and still benefit from potential price gains if the market should increase. Once the premium is paid, the put buyer has no further obligation. Depending on price movements, the producer can either accept or leave the guaranteed price.
This leaves Taseko in great position to take advantage of high copper prices and limit downside risk.
Mine Overview
Gibraltar – Copper Mine in BC – Currently Operating
- Taseko bought this mine in 1999 for $1. Can you believe that? Interesting piece of info
- On a cost per ton milled basis, Gibraltar is one of the lowest cost operations in the world.
- Cash cost of US$1.80/lb to produce copper
- Has produced an average of $125 Million lbs of copper on an annual basis
- Currently in the development phase – permitting in is process with the EPA. All major power, transportation, road and rail infrastructure are in place. Once complete, Florence will be one of the greenest sources of copper in the US
- Annual production capacity of 85 million pounds
- Permitting and construction to take place throughout 2021 and production will start in 2022
- After-tax NPV(7.5%) of US$680 million and an IRR of 37% and a 2.5 year payback
On December 8, 2020, the Company received the Aquifer Protection Permit ("APP") permit from the Arizona Department of Environmental Quality ("ADEQ"). The APP permit was issued following a public comment period and public hearing in August 2020 where the project received strong support from local community members, business owners and elected officials. The other required permit is the Underground Injection Control ("UIC") Permit from the U.S. Environmental Protection Agency ("EPA"). The EPA's technical review for the UIC permit has identified no significant issues and the Company expects to receive this permit in the coming month. link here
Highlights from Recent Earnings Call – Feb 25, 2021
I pulled a few highlights from a recent earnings call. In summary, they are one o the lowest cost copper producers in the world and their Florence mine adds significant value to Taseko.
- CEO “We run our mining operations at the highest level we can in the lowest operating cost we can achieve. And on top of that, we ensure that our capital discipline is a No. 1 priority for us. We produced 123 million pounds of copper for the year at a cash cost of $1.92 a pound,
- Florence is one of the lowest capex intensity copper projects in the world. It also has a low operating cost of $1.10 a pound. And it's a green project that will produce refined copper capital with 90% less carbon emissions than a conventional mine. This will become a new U.S. domestic supply of green metal that fits very well into government plans for renewable energy infrastructure and electric vehicle manufacturing.
- CFO “Florence has a net present value of 680 million based on our 2017 technical report using a $3 copper price. With funding substantially in hand and removing that capex in that model, that increases the funded NPV of Florence up to 900 million or USD 3.25 per share. And if I run that funded Florence model using 3.50 copper price, it's USD 4 per share. And at today's copper price of 4.30 per pound, I see an NPV of USD 5.50 per share.”
Financial Highlights and Comparables
- Analyst Price Target - Average: $2.63 and High: $3.00
- Price to Book: Taseko has a PB Ratio of 2x compared to the CA Metals and Mining industry average 2.8x. A lower P/B ratio could mean the stock is undervalued.
- Quick Ratio: 1.25 - The quick ratio is important for evaluating mining companies because of the substantial capital expenditures and financing necessary for mining operations. Analysts and creditors prefer to see quick ratio values higher than 1, the minimum acceptable value
- Debt Level: TKO's debt to equity ratio at 1.1450 which is high. For comparison Copper Mountain Mining Corp has a D/E ratio of 0.6 and a similar market cap
One interesting thing I came is across is in a recent Copper Mountain Mining presentation they highlight their Eva project is relatively “cheap” from a capital expenditure perspective at $3.87 which is about half the average CAPEX/LOM. However they also include the Florence mine, the one under development for Taseko, and it has a CAPEX/LOM of $2.35, which is 60% Less than the Eva project. Link here
Risk
- EPA Permit does not get approved – this is unlikely but Taseko is banking on this project coming through as this mine is one of their key assets.
- ROE: -0.07 - Average ROEs in the mining industry range between 5% and 9%, with the best-performing companies producing ROEs closer to 15% or more. The ratio is calculated by dividing net income by stockholders' equity.
- Long Term Liabilities: TKO's short term assets $157.2Mdo not cover its long term liabilities CA$514.5M.
Copper demand is increasing, supply is decreasing, and the price of copper has therefore increased. Taseko is one of the lowest cost copper producers, with a great existing asset, and they are nearing the final stages of developing another low cost and environmentally friendly mine. They are waiting on EPA approval, and if approved, the CFO has projected a value of $4.00 per share.
Disclaimer: This is not investment advice, do your own research!
Check out Utradea for the latest DD posts. My friend and I also created a dedicated platform for investment ideas, insights, and financial information here
2021.03.19 20:56 cfcm5 Taseko Mines (TSE:TKO) - Copper is Near All Time High - This Low Cost Producer is Taking Advantage (DD)
 | With copper prices near an all-time high and demand growing I wanted to find a decent junior mining company that is undervalued. Taseko stood out because they have been running in the red for a number of years but have started turning it around and will likely be profitable this year. submitted by cfcm5 to CanadianStocks [link] [comments] Summary
Taseko Mines OverviewTaseko Mines is a dynamic and growing mining company focused on the operation and development of mines in North America. Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine, the second largest copper mine in Canada, with a nearly 700 person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year. Taseko’s wholly-owned Florence Copper, Yellowhead, and Aley projects are all advanced staged projects that provide the company with a diverse commodity pipelineMarket OutlookI highlighted two key articles below - essentially copper demand is increasing and supply is dropping, which is starting to be reflected by the price of copper.Copper price to rise in 2021: analysts (SP Global – link here)
Copper supply expected to move into deficit in 2021. (Mining - link here) Copper was already trading near eight-year highs in January but prices for the red metal surged again in mid-February, with March contracts reaching $4.12 per lb. on Feb. 22 – nearing an all-time high of $4.58 per lb. in 2011, as investors bet that supply tightness will increase as the world gradually recovers from the covid-19 pandemic. Price of Copper and Taseko’s HedgeAs a mining company a lot of their value ties to the price of copper (I know, pretty obvious**) Price of Copper is $4.1/lb as of writing this analysis**. This bodes well for Taseko, which we will discuss a little further down in the analysis. Taseko also employees a hedging strategy, like a decent commodity production company should, to limit their downside riskTaseko’s hedging strategy is designed to secure a minimum price for a significant portion of their near term production through the purchase of copper put options. Put options maturing over the first half of 2021: 7.5Mlbs at US$2.80/lb for Q1 and 30Mlbs at US$3.20/lb for H1 (Page 25 – Link here) https://preview.redd.it/fmb9axgrh1o61.png?width=469&format=png&auto=webp&s=ac2fa4eea04936bcb4335e304e38ec8f618eee0d Summary of how this works: Buyers of put options can hedge their downside price risk for a period of time and still benefit from potential price gains if the market should increase. Once the premium is paid, the put buyer has no further obligation. Depending on price movements, the producer can either accept or leave the guaranteed price. This leaves Taseko in great position to take advantage of high copper prices and limit downside risk. Mine Overview Gibraltar – Copper Mine in BC – Currently Operating
On December 8, 2020, the Company received the Aquifer Protection Permit ("APP") permit from the Arizona Department of Environmental Quality ("ADEQ"). The APP permit was issued following a public comment period and public hearing in August 2020 where the project received strong support from local community members, business owners and elected officials. The other required permit is the Underground Injection Control ("UIC") Permit from the U.S. Environmental Protection Agency ("EPA"). The EPA's technical review for the UIC permit has identified no significant issues and the Company expects to receive this permit in the coming month. link here Highlights from Recent Earnings Call – Feb 25, 2021I pulled a few highlights from a recent earnings call. In summary, they are one o the lowest cost copper producers in the world and their Florence mine adds significant value to Taseko.
Financial Highlights and Comparables
https://preview.redd.it/7w6jloaii1o61.png?width=546&format=png&auto=webp&s=0532df53ec849c7b406c85afc127c979f3cd4d8a One interesting thing I came is across is in a recent Copper Mountain Mining presentation they highlight their Eva project is relatively “cheap” from a capital expenditure perspective at $3.87 which is about half the average CAPEX/LOM. However they also include the Florence mine, the one under development for Taseko, and it has a CAPEX/LOM of $2.35, which is 60% Less than the Eva project. Link here https://preview.redd.it/youcmaeji1o61.png?width=557&format=png&auto=webp&s=bef13d07d2cbcfe0d6000b6b1765fb308b00ce9a Risk
TLDRCopper demand is increasing, supply is decreasing, and the price of copper has therefore increased. Taseko is one of the lowest cost copper producers, with a great existing asset, and they are nearing the final stages of developing another low cost and environmentally friendly mine. They are waiting on EPA approval, and if approved, the CFO has projected a value of $4.00 per share.Disclaimer: This is not investment advice, do your own research! Check out Utradea for the latest DD posts. My friend and I also created a dedicated platform for investment ideas, insights, and financial information here |
2021.03.19 20:41 cfcm5 Taseko Mines (TSE:TKO) Copper is Near All Time High - This Low Cost Producer is Taking Advantage (DD)
 | With copper prices near an all-time high and demand growing I wanted to find a decent junior mining company that is undervalued. Taseko stood out because they have been running in the red for a number of years but have started turning it around and will likely be profitable this year. submitted by cfcm5 to PennyStocksCanada [link] [comments] Summary
Taseko Mines OverviewTaseko Mines is a dynamic and growing mining company focused on the operation and development of mines in North America. Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine, the second largest copper mine in Canada, with a nearly 700 person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year. Taseko’s wholly-owned Florence Copper, Yellowhead, and Aley projects are all advanced staged projects that provide the company with a diverse commodity pipelineMarket OutlookI highlighted two key articles below - essentially copper demand is increasing and supply is dropping, which is starting to be reflected by the price of copper.Copper price to rise in 2021: analysts (SP Global – link here)
Copper supply expected to move into deficit in 2021. (Mining - link here) Copper was already trading near eight-year highs in January but prices for the red metal surged again in mid-February, with March contracts reaching $4.12 per lb. on Feb. 22 – nearing an all-time high of $4.58 per lb. in 2011, as investors bet that supply tightness will increase as the world gradually recovers from the covid-19 pandemic. Price of Copper and Taseko’s HedgeAs a mining company a lot of their value ties to the price of copper (I know, pretty obvious**) Price of Copper is $4.1/lb as of writing this analysis**. This bodes well for Taseko, which we will discuss a little further down in the analysis. Taseko also employees a hedging strategy, like a decent commodity production company should, to limit their downside riskTaseko’s hedging strategy is designed to secure a minimum price for a significant portion of their near term production through the purchase of copper put options. Put options maturing over the first half of 2021: 7.5Mlbs at US$2.80/lb for Q1 and 30Mlbs at US$3.20/lb for H1 (Page 25 – Link here) https://preview.redd.it/79mtk5hpf1o61.png?width=469&format=png&auto=webp&s=5fed53ee5453964e2d8e7f0f5c8c0c1df2e4375b Summary of how this works: Buyers of put options can hedge their downside price risk for a period of time and still benefit from potential price gains if the market should increase. Once the premium is paid, the put buyer has no further obligation. Depending on price movements, the producer can either accept or leave the guaranteed price. This leaves Taseko in great position to take advantage of high copper prices and limit downside risk. Mine Overview Gibraltar – Copper Mine in BC – Currently Operating
On December 8, 2020, the Company received the Aquifer Protection Permit ("APP") permit from the Arizona Department of Environmental Quality ("ADEQ"). The APP permit was issued following a public comment period and public hearing in August 2020 where the project received strong support from local community members, business owners and elected officials. The other required permit is the Underground Injection Control ("UIC") Permit from the U.S. Environmental Protection Agency ("EPA"). The EPA's technical review for the UIC permit has identified no significant issues and the Company expects to receive this permit in the coming month. link here Highlights from Recent Earnings Call – Feb 25, 2021 I pulled a few highlights from a recent earnings call. In summary, they are one o the lowest cost copper producers in the world and their Florence mine adds significant value to Taseko.
Financial Highlights and Comparables
https://preview.redd.it/6id90nxqf1o61.png?width=546&format=png&auto=webp&s=1b5b154d6e4b90216d596039cca7327b7db68001 One interesting thing I came is across is in a recent Copper Mountain Mining presentation they highlight their Eva project is relatively “cheap” from a capital expenditure perspective at $3.87 which is about half the average CAPEX/LOM. However they also include the Florence mine, the one under development for Taseko, and it has a CAPEX/LOM of $2.35, which is 60% Less than the Eva project. Link here https://preview.redd.it/1183vfesf1o61.png?width=557&format=png&auto=webp&s=236922a76388c0dde785c7d31437af43f7cad1be Risk
TLDRCopper demand is increasing, supply is decreasing, and the price of copper has therefore increased. Taseko is one of the lowest cost copper producers, with a great existing asset, and they are nearing the final stages of developing another low cost and environmentally friendly mine. They are waiting on EPA approval, and if approved, the CFO has projected a value of $4.00 per share.Check out Utradea for the latest DD posts. My friend and I also created a dedicated platform for investment ideas, insights, and financial information here Disclaimer: This is not investment advice, do your own research! |
2021.03.19 16:41 cfcm5 Taseko Mines (TSE:TKO) (AMEX:TGB) - Copper is Near All Time High - This Low Cost Producer is Taking Advantage (DD)
| | With copper prices near an all-time high and demand growing I wanted to find a decent junior mining company that is undervalued. Taseko stood out because they have been running in the red for a number of years but have started turning it around and will likely be profitable this year. submitted by cfcm5 to TheDailyDD [link] [comments] Summary
Taseko Mines is a dynamic and growing mining company focused on the operation and development of mines in North America. Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine, the second largest copper mine in Canada, with a nearly 700 person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year. Taseko’s wholly-owned Florence Copper, Yellowhead, and Aley projects are all advanced staged projects that provide the company with a diverse commodity pipeline Market OutlookI highlighted two key articles below - essentially copper demand is increasing and supply is dropping, which is starting to be reflected by the price of copper.Copper price to rise in 2021: analysts (SP Global – link here)
Copper supply expected to move into deficit in 2021. (Mining - link here) Copper was already trading near eight-year highs in January but prices for the red metal surged again in mid-February, with March contracts reaching $4.12 per lb. on Feb. 22 – nearing an all-time high of $4.58 per lb. in 2011, as investors bet that supply tightness will increase as the world gradually recovers from the covid-19 pandemic. Price of Copper and Taseko’s HedgeAs a mining company a lot of their value ties to the price of copper (I know, pretty obvious**) Price of Copper is $4.1/lb as of writing this analysis**. This bodes well for Taseko, which we will discuss a little further down in the analysis. Taseko also employees a hedging strategy, like a decent commodity production company should, to limit their downside riskTaseko’s hedging strategy is designed to secure a minimum price for a significant portion of their near term production through the purchase of copper put options. Put options maturing over the first half of 2021: 7.5Mlbs at US$2.80/lb for Q1 and 30Mlbs at US$3.20/lb for H1 (Page 25 – Link here) https://preview.redd.it/1fee259v80o61.png?width=469&format=png&auto=webp&s=473c05e59dacdd8fe0e2fb6377025aee25256b30 Summary of how this works: Buyers of put options can hedge their downside price risk for a period of time and still benefit from potential price gains if the market should increase. Once the premium is paid, the put buyer has no further obligation. Depending on price movements, the producer can either accept or leave the guaranteed price. This leaves Taseko in great position to take advantage of high copper prices and limit downside risk. Mine OverviewGibraltar – Copper Mine in BC – Currently Operating
On December 8, 2020, the Company received the Aquifer Protection Permit ("APP") permit from the Arizona Department of Environmental Quality ("ADEQ"). The APP permit was issued following a public comment period and public hearing in August 2020 where the project received strong support from local community members, business owners and elected officials. The other required permit is the Underground Injection Control ("UIC") Permit from the U.S. Environmental Protection Agency ("EPA"). The EPA's technical review for the UIC permit has identified no significant issues and the Company expects to receive this permit in the coming month. link here Highlights from Recent Earnings Call – Feb 25, 2021I pulled a few highlights from a recent earnings call. In summary, they are one o the lowest cost copper producers in the world and their Florence mine adds significant value to Taseko.
Financial Highlights and Comparables
https://preview.redd.it/nb9r2jax80o61.png?width=546&format=png&auto=webp&s=eb4d4efdb75c79101bfbf1443d05aab00ad7c2ca One interesting thing I came is across is in a recent Copper Mountain Mining presentation they highlight their Eva project is relatively “cheap” from a capital expenditure perspective at $3.87 which is about half the average CAPEX/LOM. However they also include the Florence mine, the one under development for Taseko, and it has a CAPEX/LOM of $2.35, which is 60% Less than the Eva project. Link here https://preview.redd.it/17sjxtby80o61.png?width=557&format=png&auto=webp&s=141fea192716e0901cebdf64cc4d6172644ef3b6 Risk
TLDRCopper demand is increasing, supply is decreasing, and the price of copper has therefore increased. Taseko is one of the lowest cost copper producers, with a great existing asset, and they are nearing the final stages of developing another low cost and environmentally friendly mine. They are waiting on EPA approval, and if approved, the CFO has projected a value of $4.00 per share.Check out Utradea for the latest DD posts. My friend and I also created a dedicated platform for investment ideas, insights, and financial information here Disclaimer: This is not investment advice, do your own research! |
2021.03.18 00:28 utradea $TKO - Taseko Mines - Low Cost Producer Taking Advantage of Rising Copper Prices
 | With copper prices near an all-time high and demand growing I wanted to find a decent junior mining company that is undervalued. Taseko stood out because they have been running in the red for a number of years but have started turning it around and will likely be profitable this year. submitted by utradea to Canadapennystocks [link] [comments] Summary
Taseko Mines OverviewTaseko Mines is a dynamic and growing mining company focused on the operation and development of mines in North America. Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine, the second largest copper mine in Canada, with a nearly 700 person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year. Taseko’s wholly-owned Florence Copper, Yellowhead, and Aley projects are all advanced staged projects that provide the company with a diverse commodity pipelineMarket OutlookI highlighted two key articles below - essentially copper demand is increasing and supply is dropping, which is starting to be reflected by the price of copper.Copper price to rise in 2021: analysts (SP Global – link here) · Copper to flip into deficit · Chinese stimulus to support demand · Decarbonization bullish for metal "Of all the metals used in the generation, transmission, storage, and consumption, copper remains the common denominator," Stifel said. "Electricity generation, transmission infrastructure, energy storage, and consumption all require copper." Copper supply expected to move into deficit in 2021. (Mining - link here) Copper was already trading near eight-year highs in January but prices for the red metal surged again in mid-February, with March contracts reaching $4.12 per lb. on Feb. 22 – nearing an all-time high of $4.58 per lb. in 2011, as investors bet that supply tightness will increase as the world gradually recovers from the covid-19 pandemic. Price of Copper and Taseko’s HedgeAs a mining company a lot of their value ties to the price of copper (I know, pretty obvious) Price of Copper is $4.1/lb as of writing this analysis. This bodes well for Taseko, which we will discuss a little further down in the analysis. Taseko also employees a hedging strategy, like a decent commodity production company should, to limit their downside riskTaseko’s hedging strategy is designed to secure a minimum price for a significant portion of their near term production through the purchase of copper put options. Put options maturing over the first half of 2021: 7.5Mlbs at US$2.80/lb for Q1 and 30Mlbs at US$3.20/lb for H1 (Page 25 – Link here) https://preview.redd.it/usgd8pziaon61.png?width=469&format=png&auto=webp&s=7c510c3bf44e118bcee59814aa9f7c1869788d9f Summary of how this works: Buyers of put options can hedge their downside price risk for a period of time and still benefit from potential price gains if the market should increase. Once the premium is paid, the put buyer has no further obligation. Depending on price movements, the producer can either accept or leave the guaranteed price. This leaves Taseko in great position to take advantage of high copper prices and limit downside risk. Mine OverviewGibraltar – Copper Mine in BC – Currently Operating
On December 8, 2020, the Company received the Aquifer Protection Permit ("APP") permit from the Arizona Department of Environmental Quality ("ADEQ"). The APP permit was issued following a public comment period and public hearing in August 2020 where the project received strong support from local community members, business owners and elected officials. The other required permit is the Underground Injection Control ("UIC") Permit from the U.S. Environmental Protection Agency ("EPA"). The EPA's technical review for the UIC permit has identified no significant issues and the Company expects to receive this permit in the coming month. link here Highlights from Recent Earnings Call – Feb 25, 2021I pulled a few highlights from a recent earnings call. In summary, they are one o the lowest cost copper producers in the world and their Florence mine adds significant value to Taseko.
Financial Highlights and Comparables
Comparables with CMMChttps://preview.redd.it/sgqatvoeaon61.png?width=385&format=png&auto=webp&s=0222eff7b243c1c20cd38ad44bc25fb3753ac55bOne interesting thing I came is across is in a recent Copper Mountain Mining presentation they highlight their Eva project is relatively “cheap” from a capital expenditure perspective at $3.87 which is about half the average CAPEX/LOM. However they also include the Florence mine, the one under development for Taseko, and it has a CAPEX/LOM of $2.35, which is 60% Less than the Eva project. Link here https://preview.redd.it/52l71gchaon61.png?width=557&format=png&auto=webp&s=cc74b6cfd1e64697f5eb99b2abbcc460891562e4 Risk
TLDRCopper demand is increasing, supply is decreasing, and the price of copper has therefore increased. Taseko is one of the lowest cost copper producers, with a great existing asset, and they are nearing the final stages of developing another low cost and environmentally friendly mine. They are waiting on EPA approval, and if approved, the CFO has projected a value of $4.00 per share.Credit to u/cfcm5 Disclaimer: This is not investment advice, do your own research! |
2021.03.18 00:11 cfcm5 $TGB - Taseko Mines - Low Cost Producer Taking Advantage of Rising Copper Prices
 | Taseko Mines (TSE:TKO) (AMEX:TGB). submitted by cfcm5 to trakstocks [link] [comments] With copper prices near an all-time high and demand growing I wanted to find a decent junior mining company that is undervalued. Taseko stood out because they have been running in the red for a number of years but have started turning it around and will likely be profitable this year. Summary
Taseko Mines OverviewTaseko Mines is a dynamic and growing mining company focused on the operation and development of mines in North America. Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine, the second largest copper mine in Canada, with a nearly 700 person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year. Taseko’s wholly-owned Florence Copper, Yellowhead, and Aley projects are all advanced staged projects that provide the company with a diverse commodity pipelineMarket OutlookI highlighted two key articles below - essentially copper demand is increasing and supply is dropping, which is starting to be reflected by the price of copper.Copper price to rise in 2021: analysts (SP Global – link here)
Copper supply expected to move into deficit in 2021. (Mining - link here) Copper was already trading near eight-year highs in January but prices for the red metal surged again in mid-February, with March contracts reaching $4.12 per lb. on Feb. 22 – nearing an all-time high of $4.58 per lb. in 2011, as investors bet that supply tightness will increase as the world gradually recovers from the covid-19 pandemic. Price of Copper and Taseko’s HedgeAs a mining company a lot of their value ties to the price of copper (I know, pretty obvious) Price of Copper is $4.1/lb as of writing this analysis. This bodes well for Taseko, which we will discuss a little further down in the analysis. Taseko also employees a hedging strategy, like a decent commodity production company should, to limit their downside riskTaseko’s hedging strategy is designed to secure a minimum price for a significant portion of their near term production through the purchase of copper put options. Put options maturing over the first half of 2021: 7.5Mlbs at US$2.80/lb for Q1 and 30Mlbs at US$3.20/lb for H1 (Page 25 – Link here) https://preview.redd.it/gq9qoztu6on61.png?width=469&format=png&auto=webp&s=41b5487bd9db67e4fd8b2aa719854e1db566fea5 Summary of how this works: Buyers of put options can hedge their downside price risk for a period of time and still benefit from potential price gains if the market should increase. Once the premium is paid, the put buyer has no further obligation. Depending on price movements, the producer can either accept or leave the guaranteed price. This leaves Taseko in great position to take advantage of high copper prices and limit downside risk. Mine OverviewGibraltar – Copper Mine in BC – Currently Operating
· Currently in the development phase – permitting in is process with the EPA. All major power, transportation, road and rail infrastructure are in place. Once complete, Florence will be one of the greenest sources of copper in the US
On December 8, 2020, the Company received the Aquifer Protection Permit ("APP") permit from the Arizona Department of Environmental Quality ("ADEQ"). The APP permit was issued following a public comment period and public hearing in August 2020 where the project received strong support from local community members, business owners and elected officials. The other required permit is the Underground Injection Control ("UIC") Permit from the U.S. Environmental Protection Agency ("EPA"). The EPA's technical review for the UIC permit has identified no significant issues and the Company expects to receive this permit in the coming month. link here Highlights from Recent Earnings Call – Feb 25, 2021I pulled a few highlights from a recent earnings call. In summary, they are one o the lowest cost copper producers in the world and their Florence mine adds significant value to Taseko.· CEO “We run our mining operations at the highest level we can in the lowest operating cost we can achieve. And on top of that, we ensure that our capital discipline is a No. 1 priority for us. We produced 123 million pounds of copper for the year at a cash cost of $1.92 a pound, · Florence is one of the lowest capex intensity copper projects in the world. It also has a low operating cost of $1.10 a pound. And it's a green project that will produce refined copper capital with 90% less carbon emissions than a conventional mine. This will become a new U.S. domestic supply of green metal that fits very well into government plans for renewable energy infrastructure and electric vehicle manufacturing. · CFO “Florence has a net present value of 680 million based on our 2017 technical report using a $3 copper price. With funding substantially in hand and removing that capex in that model, that increases the funded NPV of Florence up to 900 million or USD 3.25 per share. And if I run that funded Florence model using 3.50 copper price, it's USD 4 per share. And at today's copper price of 4.30 per pound, I see an NPV of USD 5.50 per share.” Link here Financial Highlights and Comparables· Analyst Price Target - Average: $2.63 and High: $3.00· Price to Book: Taseko has a PB Ratio of 2x compared to the CA Metals and Mining industry average 2.8x. A lower P/B ratio could mean the stock is undervalued. · Quick Ratio: 1.25 - The quick ratio is important for evaluating mining companies because of the substantial capital expenditures and financing necessary for mining operations. Analysts and creditors prefer to see quick ratio values higher than 1, the minimum acceptable value · Debt Level: TKO's debt to equity ratio at 1.1450 which is high. For comparison Copper Mountain Mining Corp has a D/E ratio of 0.6 and a similar market cap Comparables with CMMChttps://preview.redd.it/aa6gvfj07on61.png?width=393&format=png&auto=webp&s=8a753a203b005c31ef6e76d6150a9f5154ed04d3One interesting thing I came is across is in a recent Copper Mountain Mining presentation they highlight their Eva project is relatively “cheap” from a capital expenditure perspective at $3.87 which is about half the average CAPEX/LOM. However they also include the Florence mine, the one under development for Taseko, and it has a CAPEX/LOM of $2.35, which is 60% Less than the Eva project. Link here https://preview.redd.it/dzcweeq27on61.png?width=557&format=png&auto=webp&s=d63190e14bdb6fa1f3294ea94f509fa0c4bed858 Risk
TLDRCopper demand is increasing, supply is decreasing, and the price of copper has therefore increased. Taseko is one of the lowest cost copper producers, with a great existing asset, and they are nearing the final stages of developing another low cost and environmentally friendly mine. They are waiting on EPA approval, and if approved, the CFO has projected a value of $4.00 per share.My friend and I also created a platform for investment ideas, insights, and financial information. if you're interested you can check it out here, if not that's cool to. Disclaimer: This is not investment advice, do your own research! |
2021.03.17 01:28 utradea $TGB - Taseko Mines - Price of Copper is Rising and TGB is Well Positioned
With copper prices near an all-time high and demand growing I wanted to find a decent junior mining company that is undervalued. Taseko stood out because they have been running in the red for a number of years but have started turning it around and will likely be profitable this year.
Copper price to rise in 2021: analysts (SP Global – link here)
Copper supply expected to move into deficit in 2021. (Mining - link here)
Copper was already trading near eight-year highs in January but prices for the red metal surged again in mid-February, with March contracts reaching $4.12 per lb. on Feb. 22 – nearing an all-time high of $4.58 per lb. in 2011, as investors bet that supply tightness will increase as the world gradually recovers from the covid-19 pandemic.
Taseko’s hedging strategy is designed to secure a minimum price for a significant portion of their near term production through the purchase of copper put options. Put options maturing over the first half of 2021: 7.5Mlbs at US$2.80/lb for Q1 and 30Mlbs at US$3.20/lb for H1 (Page 25 – Link here)
Summary of how this works: Buyers of put options can hedge their downside price risk for a period of time and still benefit from potential price gains if the market should increase. Once the premium is paid, the put buyer has no further obligation. Depending on price movements, the producer can either accept or leave the guaranteed price.
This leaves Taseko in great position to take advantage of high copper prices and limit downside risk.
On December 8, 2020, the Company received the Aquifer Protection Permit ("APP") permit from the Arizona Department of Environmental Quality ("ADEQ"). The APP permit was issued following a public comment period and public hearing in August 2020 where the project received strong support from local community members, business owners and elected officials. The other required permit is the Underground Injection Control ("UIC") Permit from the U.S. Environmental Protection Agency ("EPA"). The EPA's technical review for the UIC permit has identified no significant issues and the Company expects to receive this permit in the coming month. link here
One interesting thing I came is across is in a recent Copper Mountain Mining presentation they highlight their Eva project is relatively “cheap” from a capital expenditure perspective at $3.87 which is about half the average CAPEX/LOM. However they also include the Florence mine, the one under development for Taseko, and it has a CAPEX/LOM of $2.35, which is 60% Less than the Eva project. Link here
Disclaimer: This is not investment advice, do your own research!
submitted by utradea to PennyStocksDD [link] [comments]
Summary
- Copper prices are rising and near 8-year highs with demand expected to grow
- Taseko currently produces copper at a cost of $1.92/lb – current price is $4.1/lb and is hedged well against downside price risk. They are taking advantages of high copper prices
An environmentally friendly and low-cost mine under development in Arizona is going through final permitting, and if approved this would be a significant boost to their operation
Taseko Mines Overview
Taseko Mines is a dynamic and growing mining company focused on the operation and development of mines in North America. Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine, the second largest copper mine in Canada, with a nearly 700 person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year. Taseko’s wholly-owned Florence Copper, Yellowhead, and Aley projects are all advanced staged projects that provide the company with a diverse commodity pipelineMarket Outlook
I highlighted two key articles below - essentially copper demand is increasing and supply is dropping, which is starting to be reflected by the price of copper.Copper price to rise in 2021: analysts (SP Global – link here)
- Copper to flip into deficit
- Chinese stimulus to support demand
- Decarbonization bullish for metal
Copper supply expected to move into deficit in 2021. (Mining - link here)
Copper was already trading near eight-year highs in January but prices for the red metal surged again in mid-February, with March contracts reaching $4.12 per lb. on Feb. 22 – nearing an all-time high of $4.58 per lb. in 2011, as investors bet that supply tightness will increase as the world gradually recovers from the covid-19 pandemic.
Price of Copper and Taseko’s Hedge
As a mining company a lot of their value ties to the price of copper (I know, pretty obvious**) Price of Copper is $4.1/lb as of writing this analysis**. This bodes well for Taseko, which we will discuss a little further down in the analysis. Taseko also employees a hedging strategy, like a decent commodity production company should, to limit their downside riskTaseko’s hedging strategy is designed to secure a minimum price for a significant portion of their near term production through the purchase of copper put options. Put options maturing over the first half of 2021: 7.5Mlbs at US$2.80/lb for Q1 and 30Mlbs at US$3.20/lb for H1 (Page 25 – Link here)
Summary of how this works: Buyers of put options can hedge their downside price risk for a period of time and still benefit from potential price gains if the market should increase. Once the premium is paid, the put buyer has no further obligation. Depending on price movements, the producer can either accept or leave the guaranteed price.
This leaves Taseko in great position to take advantage of high copper prices and limit downside risk.
Mine Overview
Gibraltar – Copper Mine in BC – Currently Operating- Taseko bought this mine in 1999 for $1. Can you believe that? Interesting piece of info
- On a cost per ton milled basis, Gibraltar is one of the lowest cost operations in the world.
- Cash cost of US$1.80/lb to produce copper
- Has produced an average of $125 Million lbs of copper on an annual basis
- Currently in the development phase – permitting in is process with the EPA. All major power, transportation, road and rail infrastructure are in place. Once complete, Florence will be one of the greenest sources of copper in the US
- Annual production capacity of 85 million pounds
- Permitting and construction to take place throughout 2021 and production will start in 2022
- After-tax NPV(7.5%) of US$680 million and an IRR of 37% and a 2.5 year payback
On December 8, 2020, the Company received the Aquifer Protection Permit ("APP") permit from the Arizona Department of Environmental Quality ("ADEQ"). The APP permit was issued following a public comment period and public hearing in August 2020 where the project received strong support from local community members, business owners and elected officials. The other required permit is the Underground Injection Control ("UIC") Permit from the U.S. Environmental Protection Agency ("EPA"). The EPA's technical review for the UIC permit has identified no significant issues and the Company expects to receive this permit in the coming month. link here
Highlights from Recent Earnings Call – Feb 25, 2021
I pulled a few highlights from a recent earnings call. In summary, they are one o the lowest cost copper producers in the world and their Florence mine adds significant value to Taseko.- CEO “We run our mining operations at the highest level we can in the lowest operating cost we can achieve. And on top of that, we ensure that our capital discipline is a No. 1 priority for us. We produced 123 million pounds of copper for the year at a cash cost of $1.92 a pound,
- Florence is one of the lowest capex intensity copper projects in the world. It also has a low operating cost of $1.10 a pound. And it's a green project that will produce refined copper capital with 90% less carbon emissions than a conventional mine. This will become a new U.S. domestic supply of green metal that fits very well into government plans for renewable energy infrastructure and electric vehicle manufacturing.
- CFO “Florence has a net present value of 680 million based on our 2017 technical report using a $3 copper price. With funding substantially in hand and removing that capex in that model, that increases the funded NPV of Florence up to 900 million or USD 3.25 per share. And if I run that funded Florence model using 3.50 copper price, it's USD 4 per share. And at today's copper price of 4.30 per pound, I see an NPV of USD 5.50 per share.”
Financial Highlights and Comparables
- Analyst Price Target - Average: $2.63 and High: $3.00
- Price to Book: Taseko has a PB Ratio of 2x compared to the CA Metals and Mining industry average 2.8x. A lower P/B ratio could mean the stock is undervalued.
- Quick Ratio: 1.25 - The quick ratio is important for evaluating mining companies because of the substantial capital expenditures and financing necessary for mining operations. Analysts and creditors prefer to see quick ratio values higher than 1, the minimum acceptable value
- Debt Level: TKO's debt to equity ratio at 1.1450 which is high. For comparison Copper Mountain Mining Corp has a D/E ratio of 0.6 and a similar market cap
| TGB | CMMC | |
|---|---|---|
| Quick Ratio | 1.25 | 0.89 |
| Price to Sales | 1.76 | 1.97 |
| Debt to Equity | 1.14 | 0.59 |
| Market Cap | 509,000,000 | 684,000,000 |
Risk
- EPA Permit does not get approved – this is unlikely but Taseko is banking on this project coming through as this mine is one of their key assets.
- ROE: -0.07 - Average ROEs in the mining industry range between 5% and 9%, with the best-performing companies producing ROEs closer to 15% or more. The ratio is calculated by dividing net income by stockholders' equity.
- Long Term Liabilities: TKO's short term assets $157.2Mdo not cover its long term liabilities CA$514.5M.
TLDR
Copper demand is increasing, supply is decreasing, and the price of copper has therefore increased. Taseko is one of the lowest cost copper producers, with a great existing asset, and they are nearing the final stages of developing another low cost and environmentally friendly mine. They are waiting on EPA approval, and if approved, the CFO has projected a value of $4.00 per share.Disclaimer: This is not investment advice, do your own research!
2021.03.16 22:52 cfcm5 $TKO - Taseko Mines - Copper is Near All Time High - This Low Cost Producer is Taking Advantage (DD)
With copper prices near an all-time high and demand growing I wanted to find a decent junior mining company that is undervalued. Taseko stood out because they have been running in the red for a number of years but have started turning it around and will likely be profitable this year.
Copper price to rise in 2021: analysts (SP Global – link here)
Copper supply expected to move into deficit in 2021. (Mining - link here)
Copper was already trading near eight-year highs in January but prices for the red metal surged again in mid-February, with March contracts reaching $4.12 per lb. on Feb. 22 – nearing an all-time high of $4.58 per lb. in 2011, as investors bet that supply tightness will increase as the world gradually recovers from the covid-19 pandemic.
Taseko’s hedging strategy is designed to secure a minimum price for a significant portion of their near term production through the purchase of copper put options. Put options maturing over the first half of 2021: 7.5Mlbs at US$2.80/lb for Q1 and 30Mlbs at US$3.20/lb for H1 (Page 25 – Link here)
https://preview.redd.it/2oy7k02tggn61.png?width=469&format=png&auto=webp&s=dc00f00c45518e9d0386aa4ec047a4ab9ed06539
Summary of how this works: Buyers of put options can hedge their downside price risk for a period of time and still benefit from potential price gains if the market should increase. Once the premium is paid, the put buyer has no further obligation. Depending on price movements, the producer can either accept or leave the guaranteed price.
This leaves Taseko in great position to take advantage of high copper prices and limit downside risk.
On December 8, 2020, the Company received the Aquifer Protection Permit ("APP") permit from the Arizona Department of Environmental Quality ("ADEQ"). The APP permit was issued following a public comment period and public hearing in August 2020 where the project received strong support from local community members, business owners and elected officials. The other required permit is the Underground Injection Control ("UIC") Permit from the U.S. Environmental Protection Agency ("EPA"). The EPA's technical review for the UIC permit has identified no significant issues and the Company expects to receive this permit in the coming month. link here
Financial Highlights and Comparables
https://preview.redd.it/uw5n6jwgogn61.png?width=436&format=png&auto=webp&s=bdad113caca6e2cb19edc59fc017b8759250d994
One interesting thing I came is across is in a recent Copper Mountain Mining presentation they highlight their Eva project is relatively “cheap” from a capital expenditure perspective at $3.87 which is about half the average CAPEX/LOM. However they also include the Florence mine, the one under development for Taseko, and it has a CAPEX/LOM of $2.35, which is 60% Less than the Eva project. Link here
https://preview.redd.it/9358iz0iogn61.png?width=557&format=png&auto=webp&s=801bb8e2c7fe451195af52b4e8e68dd048570d80
My friend and I also created a dedicated platform for investment ideas, insights, and financial information here
Disclaimer: This is not investment advice, do your own research!
submitted by cfcm5 to Baystreetbets [link] [comments]
Summary
- Copper prices are rising and near 8-year highs with demand expected to grow
- Taseko currently produces copper at a cost of $1.92/lb – current price is $4.1/lb and is hedged well against downside price risk. They are taking advantages of high copper prices
- An environmentally friendly and low-cost mine under development in Arizona is going through final permitting, and if approved this would be a significant boost to their operation
Taseko Mines Overview
Taseko Mines is a dynamic and growing mining company focused on the operation and development of mines in North America. Headquartered in Vancouver, Taseko operates the state-of-the-art Gibraltar Mine, the second largest copper mine in Canada, with a nearly 700 person workforce producing an average of 140 million pounds of copper and 2.5 million pounds of molybdenum per year. Taseko’s wholly-owned Florence Copper, Yellowhead, and Aley projects are all advanced staged projects that provide the company with a diverse commodity pipelineMarket Outlook
I highlighted two key articles below - essentially copper demand is increasing and supply is dropping, which is starting to be reflected by the price of copper.Copper price to rise in 2021: analysts (SP Global – link here)
- Copper to flip into deficit
- Chinese stimulus to support demand
- Decarbonization bullish for metal
Copper supply expected to move into deficit in 2021. (Mining - link here)
Copper was already trading near eight-year highs in January but prices for the red metal surged again in mid-February, with March contracts reaching $4.12 per lb. on Feb. 22 – nearing an all-time high of $4.58 per lb. in 2011, as investors bet that supply tightness will increase as the world gradually recovers from the covid-19 pandemic.
Price of Copper and Taseko’s Hedge
As a mining company a lot of their value ties to the price of copper (I know, pretty obvious**) Price of Copper is $4.1/lb as of writing this analysis**. This bodes well for Taseko, which we will discuss a little further down in the analysis. Taseko also employees a hedging strategy, like a decent commodity production company should, to limit their downside riskTaseko’s hedging strategy is designed to secure a minimum price for a significant portion of their near term production through the purchase of copper put options. Put options maturing over the first half of 2021: 7.5Mlbs at US$2.80/lb for Q1 and 30Mlbs at US$3.20/lb for H1 (Page 25 – Link here)
https://preview.redd.it/2oy7k02tggn61.png?width=469&format=png&auto=webp&s=dc00f00c45518e9d0386aa4ec047a4ab9ed06539
Summary of how this works: Buyers of put options can hedge their downside price risk for a period of time and still benefit from potential price gains if the market should increase. Once the premium is paid, the put buyer has no further obligation. Depending on price movements, the producer can either accept or leave the guaranteed price.
This leaves Taseko in great position to take advantage of high copper prices and limit downside risk.
Mine Overview
Gibraltar – Copper Mine in BC – Currently Operating- Taseko bought this mine in 1999 for $1. Can you believe that? Interesting piece of info
- On a cost per ton milled basis, Gibraltar is one of the lowest cost operations in the world.
- Cash cost of US$1.80/lb to produce copper
- Has produced an average of $125 Million lbs of copper on an annual basis
- Currently in the development phase – permitting in is process with the EPA. All major power, transportation, road and rail infrastructure are in place. Once complete, Florence will be one of the greenest sources of copper in the US
- Annual production capacity of 85 million pounds
- Permitting and construction to take place throughout 2021 and production will start in 2022
- After-tax NPV(7.5%) of US$680 million and an IRR of 37% and a 2.5 year payback
On December 8, 2020, the Company received the Aquifer Protection Permit ("APP") permit from the Arizona Department of Environmental Quality ("ADEQ"). The APP permit was issued following a public comment period and public hearing in August 2020 where the project received strong support from local community members, business owners and elected officials. The other required permit is the Underground Injection Control ("UIC") Permit from the U.S. Environmental Protection Agency ("EPA"). The EPA's technical review for the UIC permit has identified no significant issues and the Company expects to receive this permit in the coming month. link here
Highlights from Recent Earnings Call – Feb 25, 2021
I pulled a few highlights from a recent earnings call. In summary, they are one o the lowest cost copper producers in the world and their Florence mine adds significant value to Taseko.- CEO “We run our mining operations at the highest level we can in the lowest operating cost we can achieve. And on top of that, we ensure that our capital discipline is a No. 1 priority for us. We produced 123 million pounds of copper for the year at a cash cost of $1.92 a pound,
- Florence is one of the lowest capex intensity copper projects in the world. It also has a low operating cost of $1.10 a pound. And it's a green project that will produce refined copper capital with 90% less carbon emissions than a conventional mine. This will become a new U.S. domestic supply of green metal that fits very well into government plans for renewable energy infrastructure and electric vehicle manufacturing.
- CFO “Florence has a net present value of 680 million based on our 2017 technical report using a $3 copper price. With funding substantially in hand and removing that capex in that model, that increases the funded NPV of Florence up to 900 million or USD 3.25 per share. And if I run that funded Florence model using 3.50 copper price, it's USD 4 per share. And at today's copper price of 4.30 per pound, I see an NPV of USD 5.50 per share.”
Financial Highlights and Comparables
- Analyst Price Target - Average: $2.63 and High: $3.00
- Price to Book: Taseko has a PB Ratio of 2x compared to the CA Metals and Mining industry average 2.8x. A lower P/B ratio could mean the stock is undervalued.
- Quick Ratio: 1.25 - The quick ratio is important for evaluating mining companies because of the substantial capital expenditures and financing necessary for mining operations. Analysts and creditors prefer to see quick ratio values higher than 1, the minimum acceptable value
- Debt Level: TKO's debt to equity ratio at 1.1450 which is high. For comparison Copper Mountain Mining Corp has a D/E ratio of 0.6 and a similar market cap
https://preview.redd.it/uw5n6jwgogn61.png?width=436&format=png&auto=webp&s=bdad113caca6e2cb19edc59fc017b8759250d994
One interesting thing I came is across is in a recent Copper Mountain Mining presentation they highlight their Eva project is relatively “cheap” from a capital expenditure perspective at $3.87 which is about half the average CAPEX/LOM. However they also include the Florence mine, the one under development for Taseko, and it has a CAPEX/LOM of $2.35, which is 60% Less than the Eva project. Link here
https://preview.redd.it/9358iz0iogn61.png?width=557&format=png&auto=webp&s=801bb8e2c7fe451195af52b4e8e68dd048570d80
Risk
- EPA Permit does not get approved – this is unlikely but Taseko is banking on this project coming through as this mine is one of their key assets.
- ROE: -0.07 - Average ROEs in the mining industry range between 5% and 9%, with the best-performing companies producing ROEs closer to 15% or more. The ratio is calculated by dividing net income by stockholders' equity.
- Long Term Liabilities: TKO's short term assets $157.2Mdo not cover its long term liabilities CA$514.5M.
TLDR
Copper demand is increasing, supply is decreasing, and the price of copper has therefore increased. Taseko is one of the lowest cost copper producers, with a great existing asset, and they are nearing the final stages of developing another low cost and environmentally friendly mine. They are waiting on EPA approval, and if approved, the CFO has projected a value of $4.00 per share.My friend and I also created a dedicated platform for investment ideas, insights, and financial information here
Disclaimer: This is not investment advice, do your own research!