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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 caillenon May 11, 2015 10:00am
182 Views
Post# 23714646

Low was set.

Low was set.Low was set on all the charts; weekly, daily, hourly etc. in the middle of April. Now, the 10 min chart broke through as did the hourly and now all we need is for the daily and this will continue on its upward climb until August. The fundamentals are still sound even though it wasn't a great quarter. Asset base has increased by 5M ounces with minimal dilution given the asset base. No new debt is expected (we'll see) and if so, it too will be minimal. Higher grades to be processed in the future quarters from the San Fran south pit. So, all good other than the initial dilution but that will be overlooked going forward. The sell off was way over done. 
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