Timmins Gold Corp T.TMM

Timing on the News

[godisgr81]

My opinion on the financing deal is rather mixed. Firstly, the timing of the release was horrible. With gold dropping and every gold stock I own tanking with it. Any other day, I think the stock would of dropped 3 or 4%. Yes dilution sucks but it was expected as permitting and developing AP is a costly venture. The one thing that i didn't like about the deal is the warrant at .70. They are never good for sh. 

Finally on the bad, the price was rather low as they shou  preconstruction.ld have taken the price from last 3 to 4 weeks of trading. It should be closer to .60 or low .60s. 

The only good side of this deal is that they shouldn't go to market again for the next 12 to 18 months as enough money in the bank to last until permitting and preconstruction. Also the deal cements the viability of the mine in the market and vote of confidence on the project. 

God Bless the Longs.

[own_quality]

Took big balls not to sell today or to add TGD here or anything gold for that matter.  Wish I didn't get greedy when I was up 150% just about three months ago.  Still up about 80% on the year.  You just never know with gold.  It's heavily manipulated by big traders and even central banks.  "Value" is 100% perception/fear based.  It could easily go

[frankman]

The botton line again is they WILL have to go to financing more again. Maybe up to four times more. They will need a share consolidation. Abit overbloated now at 319 million shares PRE financings.