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Bullboard - Stock Discussion Forum 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 Discussion

Timmins Gold Corp > ***TO ALL CURRENT TMM SHAREHOLDERS
View:
Post by believer123 on Oct 31, 2014 12:23pm

***TO ALL CURRENT TMM SHAREHOLDERS

If you are a TMM shareholder, I strongly suggest you to contact TMM and put some pressure on them to start taking action (i.e. push for a potential merger). Write emails, phone calls, whatever it takes. 

The last board didn't do anything to increase TMM's value - we can't let this happen again. Please contact TMM and let them know how you feel!

The more shareholders they hear from, the more they'll be willing to take action.
Comment by BullishB on Oct 31, 2014 2:13pm
What action? The Gold market is getting crushed. They are one of the cheaper producers around. Hold on to your lug nuts!!!
Comment by believer123 on Oct 31, 2014 3:10pm
That is my point, if TMM merges with another producer, they'll be better able to withstand the gold storm we're in right now. TMM is tiny and they need to take action to protect the hard-earned value they've developed the last 5 years - a merger wtih another profitable gold miner (i.e. goldcorp or Barrick's) is needed asap.
Comment by pdcon1 on Nov 01, 2014 9:23am
sometimes a merger creates financial risk and adds to the problem , where you take on the other co liabilities tmm has no liabilities and is a perfect takeover for Goldcorp at over 2 dollars at present gold price  at 1300 dollar gold price  takeover goes up substantiallyi would guess .14 cents per 100 dollar gold .    Our recent drop in share price is way overdone  ...more  
Comment by DEH1 on Nov 01, 2014 10:53am
pdcon1: You report >  " tmm has no liabilities"     Kindly confirm that  Tmm has no liabilities?  My dd indicatesTMM reported on Sedar finacial statement that Tmm has  Total Liabilities  $96,272,000 > Current liabilities $40,979,000 Is it no wonder that in Q1 TMM found it necessary to increase the # TMM outstanding shares 13% > selling 18.92 ...more  
Comment by believer123 on Nov 01, 2014 1:30pm
This God-Damn US dollar is killing everything, from oil to gold. TMM needs to be bought out, this is the best course of action in my opinion for all shareholders. God knows how long this sh** storm is going to last in the gold market. TMM needs to preserve its value and avoid further risk for shareholders. $50 million in the bank, highly profitable mines, and solid earnings the last couple years ...more  
Comment by pdcon1 on Nov 01, 2014 1:53pm
Dehi  every co in the world  has liabilities including the USA and their dollar the point here is  they have less than most and are still showing profits thats the bottom line  besides that last 26 million was an insurance marker for times like now and their 50 million is collatoral  .  the turnaround is right around the corner .jmo
Comment by pdcon1 on Nov 01, 2014 9:11am
if you truly believe in tmm success given the turmoil in the gold index and gold price you will add more tmm shares at a discount  price . Many here have over extended themselves and had to sell running for the exits at the same time , now is not a selling ones position but accumulating as long as you can hold for a certain period of time  , this sell off is all gold price related . I ...more  
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