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Timmins Gold Corp T.TMM

"Timmins Gold Corp is engaged in acquiring, exploring, developing and operating mineral resource properties in Mexico. It owns and operates the San Francisco open pit and Ana Paula gold project in Guerrero and the Caballo Blanco gold project in Veracruz."


TSX:TMM - Post by User

Comment by pdcon1on Dec 10, 2015 6:10am
94 Views
Post# 24372030

RE:Something to chew on-not so sweet

RE:Something to chew on-not so sweet
Sounds like a bear trap was set up in financing projects and the rug may be pulled from under it where co are forced to pay higher interest rates and show losses . A co can last only so long with losses and it doesnt really matter what their market cap is , a loss is a loss and sooner or later you close your doors. Gold and oil are the canary in the mine who are the first to suffer and there will be many more co hurt and not just the pm   and oil sector . This is the result of a flawed system , with too much short selling and a paper gold market that dictates the real gold market what the price should be that based on money printing should be well over 2000 dollars per gold oz .The real Gold hoarders control the price of gold with paper gold then accumulate , means a crime has been commited here  and most investors will pull out totally eventually .  
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