Post by
MisterB on May 15, 2017 9:23am
Good Bye Timmins, Hello ALO: TD Target: $12.50
I'm very happy with McCunn as he has a very strong plan and has executed it perfectly thus far.
I was hoping the SF mine reviatalization would be released prior to the AGM so investors and analysts understand that TMM is on solid footing with 6 years of stable production and cashflow. WIth the leverage to gold and the geopolitical & economic situation, I think we are in for some great earnings in the future.
WIth a solid base and uncertainty removed, ALO is ready to up the stakes and valuation with the PFS. Really looking forward to that, and a resulting re-rating of ALO.
His timing for all things has been great, but I still think the 10:1 conso was a bit premature. That said, he clearly had a plan to "cut the chord" and move on as a distinct entitiy under his control - removing baggage of past TMM uncertainty.
It will be interesting to see how tomorrow's trading goes, and how the market reacts to a $6 stock and 34M O/S company. TD has a target of $12.50 post consolidation as of may 12th.
Exciting times.
B