TMM FinancingTalked to timmins Friday and I guess Pacific was wanting to own more than 20%.
And with that ownership and a member on the board it was a little to much control for Timmins liking.
Pacific now has there pouting there lip stuck out ,,,,
The Big Agnico has now bought in on some financing.
sprott has a little more.
And there is better offers on the table than this of pacific.
Looks like long term dept will be a go once the mine is at a certain % Level.....And to be truthful with yourself who wouldn't give a company 20 million when they have a new built mine to put up as collateral and you can just pick axe gold right off the streets at SF Mine ??
As far as uncle Bruce ,,,, yes he probably has made some mistakes,,,,,,But he sure isn't getting rich at $120 K per/year . The only way he will cash out is when these shares are much higher,,,,,,,So what part of this don't you understand.??
And Bruce being a Lawyer ,,,,,,,,,,,,well it's probably good to have the lawyer on your team,,,,?? no ??
Take a good look at other company's such as Alomos in Mexico. They take aprox. 120,000 oz p/year out of the ground,,,,trade around 8 Bucks a share.
We will be 80,000 oz annually ......And in reality will probably have around 100 - 120 million shares out when all the dust settles....
(CEE.TO)is a mine that has 6.9 Million ounces,,,,,,,been struggling to get the mine up and actually running ,,,,,,,mine capacity of 200,000 oz's annually and has a quarter million shares out ,,,,,,only trades at $1.15 p/share and to be producing in Q2 or Q3,,,,,,,( But same as Timmins getting no respect until gold is actually poured)
If you pick the right day you can scrounge shares here for .43 cents a share,,,,,,and when the cash flow shows up do you not think maybe next year the Drills are not going to start up again and prove there other 5 properties,,,,???
anyway , I have been saying this for a long time,,,,,,,, call the company yourself ,,,,,,,,,
another Tip would be Don't be Like Silver and bet your whole Farm on one penny stock that states high Risk,,,,,,,LoL,,,,,especially in the all tim eheight of the market,,,,,,,
Prob is right ,,,,,,,,silver is bitter now that he got his Pee -Pee slapped for betting his wifes pension on a penny stock lol,,,,,,,,,
maybe by this time next year we will all be liking this stock more than we do now,,,,,,,,,,,,,,,,,,,,,yes Even Silver might come around,,,,LOL,,,,,,,
Good Luck all and Silver please cheer up a bit,,,,,,,,,
elmacanuck