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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 > Value Going Forward?
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Post by klondike123 on Nov 09, 2015 4:11am

Value Going Forward?

I see a lot of BS on this board but no straight talk regarding value of this stock going forward.  Since we are going to be a developer from a producer (negative) and have no producing assets, where do we lie?

1)  Is there any value in holding this stock for the long term? (I own a couple of thousand shares at a cost basis of $1.25 Cdn)

2)  Does this company have enough cash to survive the next year and shelve their main mine in Mexico?  Wil they need to raise funds?  WHat about a reverse split?

3)  WIll this company go bankrupt?

4)  Would you buy more shares below .20 cents Canadian between now and Xmas (Tax loss selling seas) for long-term or a trade?

Thanks for any reasonable input!!!

Klondike
Comment by jeffa30 on Nov 09, 2015 9:45am
Klondke they spent more than half their remaining cash in Q3 (three months alone). And could be completely cashless this quarter. they will at least need what looks like a .10 range financing now as mining gold is at a huge operating loss.