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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 by User

Post by frankmanon Mar 26, 2015 9:08am
213 Views
Post# 23563336

Financing off for now BUT

Financing off for now BUTThey cancelled the financing for now but don't rely on Newstrike's debt financing as at their cash burn rate the money will be gone in a few months. Next financing will be lower as "market" conditions will worsen into summer doldrums and then tax loss season. Timmins stock price has been in decline over all for a year now and is a candidate this year for tax loss after the summer slumber = lower volume=less stock price volatility = stock price drift.

Gold will continue to struggle all year in 2015 with the threat of looming interest rate hikes, and Europe and the Euro still under pressure. Ignore day to day gold price fluctuations due to daily events and focus on longer term trends (less than a year).  


Looks like your deal is done with the major players agreeing to it.   
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