Post by
fb454 on Jan 10, 2017 2:23pm
Hello everyone,
I haven`t posted in a few months. The issues Timmins has is holding the stock back. It`s taking too long to find a CEO. 14 months for a company this size doesn`t make sense. They told us that below 1300 gold they will shut down San Fran. They communicate with stockholders once a quarter. They are not moving the company forward. They don`t atttend and present at any forums anymore. I follow most of them. They are invisible within the investment community. I`ve been on every conference call for 7 years. No one attends their calls anymore for the above reasons.
They need to get a ceo, a p.r. program, whatis up at San Fran with 1200 gold and what`s the progress at Anna Paula. As soon as these are addressed, we should see renewed interest. Best of success to one and all.
Comment by
zzthnx on Jan 10, 2017 10:02pm
To me, it almost seems as if they're biding time, waiting for the right buyout package to accept.
Comment by
intowin on Jan 10, 2017 11:43pm
Ditto.....thought of that as well. Should have found a CEO replacement by now.
Comment by
intowin on Jan 11, 2017 8:30am
I posted months ago that the delay had something to do with the sale of the company. The financing and paying off the debt makes them much more attractive now. There is more going on behind the scenes than we know. JMO.
Comment by
intowin on Jan 11, 2017 8:54am
Let us not forget one of the reasons Bruce was fired. One of their largest shareholder if not the largest, Sentry, was open to takeover offers and Bruce wasn't. No debt, lots of cash in the treasury, a producing mine, and one of the best undeveloped high grade deposits in the world. With the share price where it is now. It's a gift to a major. Again ....JMO.
Comment by
Goldhound3 on Jan 11, 2017 10:20am
Maybe you guys are right that a buyout might be coming as that might be the reason someone is continuing to hold the price below .45 cents. I guess time will tell with gold struggling again today who really knows what is going to happen with TMM