RE:RE:Timmins has a new corp. presentation on website.Wow, I actually am back on Stockhouse after maybe a decade. What a pain in the butt it was to just get a new password.
I'm a project financial analyst in the gold mining industry. I've worked for a number of major, mid-tier and junior mining companies. I build models and have performed economic evaluations on mining projects all over the world - primarily gold, but also copper projects. Most of my work has been on Latin American and Nevada projects. I have never been directly involved with any Timmins work nor had access to any non-public information. I have been keeping a close eye on the company for many years.
I lost about $30k on Timmiins 5 or 6 years ago. In early 2015 I dipped back in and promptly lost more money. In February or March I decided to get back in bigtime and have more than recovered my earlier losses. The retreat from $0.62 USD to $0.44 has been painful, but we've been through this before and moved on to higher highs.
The new presentation is superbly done (flawless really and a must read) and along with the analyst upgrades and new price targets should help us get back on the upslope much faster than last time. I would not be surprised if the bottom was in today - depending on gold price. There is almost no risk here other than gold price. If you believe that gold will hold above $1,300 this is truly a no-brainer. If we drop below that level there will likely be some more pain in our future. However, if we expect to stay above $1,250 the shares would still be significantly undervalued at today's share price. I also believe that there is a good chance that Goldcorp will buy them out as soon as Ana Paula is fully permitted. I don't think they will risk "rocking the boat" during the permitting phase.
I picked up another 30k shares at $0.4405 today and feel very good about my purchase. I currently have 173k shares. It is my largest holding. I do feel that the shares are being "played" by a group of traders or even a single wealthy individual. Today they tried to scare us out of our shares. I'm sure they picked up a million or two today. GLTA.