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1/20/10

Taseko Mines (TKO.to) (TGB): Lucky timing, boyz

As the old saying goes, Better born lucky than rich, proven once again by those lucky lucky directors over at Taseko Mines (TKO.to) (TGB) and their lucky lucky timing. On Jan 15th, this news release hit the wires that started....

VANCOUVER, Jan. 15 /CNW/ - Taseko Mines Limited (TSX: TKO; NYSE Amex: TGB) ("Taseko" or the "Company") received the environmental assessment certificate for its proposed Prosperity Gold-Copper Project from the BC Provincial Ministry of Environment on January 14, 2010.

"Obviously we are tremendously pleased with the Provincial Government's decision. We put considerable effort and Company resources into the documentation and process and to have now received this approval is both gratifying and rewarding," says Taseko President & CEO Russell Hallbauer.


.....and saw the stock shoot from sub $4.50 to over $5 instantly.

And by total, utter chance, look who awarded a whole bunch of options to themselves the day before that NR came out:

Taseko Mines Limited (TKO)

As of January 19th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Jan 19/10 Jan 14/10 Mundie, Richard Direct Ownership Options 00 - Opening Balance-Initial SEDI Report

Jan 18/10 Jan 14/10 Mitchell, Peter Direct Ownership Options 50 - Grant of options 200,000 $4.460
Jan 18/10 Jan 14/10 Armstrong, William Paul Direct Ownership Options 50 - Grant of options 100,000 $4.460
Jan 18/10 Jan 14/10 Coughlan, Terrance Barry Direct Ownership Options 50 - Grant of options 100,000 $4.460
Jan 18/10 Jan 14/10 Battison, Brian Direct Ownership Options 50 - Grant of options 150,000 $4.460
Jan 18/10 Jan 14/10 Jones, Scott Direct Ownership Options 50 - Grant of options 150,000 $4.460
Jan 18/10 Jan 14/10 McManus, John Direct Ownership Options 50 - Grant of options 200,000 $4.460
Jan 18/10 Jan 14/10 Hallbauer, Russell Edward Direct Ownership Options 50 - Grant of options 300,000 $4.460
Jan 17/10 Jan 15/10 Kirk, Harry Wayne Direct Ownership Common Shares 10 - Disposition in the public market -50,000 $5.140
Jan 15/10 Jan 14/10 Dickinson, Robert Allan Direct Ownership Options 50 - Grant of options 100,000 $4.460


"Gratifying and rewarding" indeed. Monty Python sums it up: