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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 cndexpatmanon Jul 10, 2015 12:32pm
125 Views
Post# 23911870

Common sense on TMM

Common sense on TMMLet's try that again.

As a longer term holder of NES I am certainly frustarted at today's SP level and the mark timing of how it all went down, but both the bashers and pumpers need to relax and look at reality.

The hedge funds have been in complete control along with the bullion banks of the paper markets in precious metals since 2011 and that will eventually come to an end. And of course in control of al miners in the space.

TMM is NOT going bankrupt, it's a bit rich to state that. The Company own's quality assets, albeit Ana Paula's location in Guerrero does carry risks, the asset is now owned by TMM and should in time see the light of day and add value to the production profile.  TMM produces ounces, has cashflow and very little debt due by the end of the year.

Of course seeing the SP fall every day is frustrating but the long term view is needed here.

Posting garbage serves no purpose, factual debate on the industry and sector would be welcomed.  Remember, the Lundin's still own their position, they are focused on the long term and you should be too.
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