Taseko Mines Trying To Raise Capital Funding

Dahlman Rose has issued a research report on Taseko Mines Limited

after the company suffered from some unusual trading action and consequently filed a final base shelf prospectus to raise capital funding for its Prosperity project. In the report, Dahlman Rose writes "An apparent large sell order drove the stock price down in the early afternoon trading. In response,Taseko management stated that they are unaware of any information that would cause a material stock price change. In response to the sell-off, a media story appeared quoting a spokesperson for the Canadian Fisheries and Oceans (CFO) Minister. The spokesperson said that there was no decision made on the part of the CFO in regard to Taseko's Prosperity project. Taseko is awaiting final approval from the federal government on the Prosperity project." Dahlman Rose maintains its Buy rating and $15.35 price target. Taseko Mines Limited closed yesterday at $6.20.