RE:Timmins Gold Acquires Process Plant and Infrastructure for Incredible news. Proud of these guys for such a great deal. Finally after much suffering. Its very sad that the stock deteriorated to these levels beforehand though. We are not going bankrupt but, there are a number of gold companies trading within 25% of there 1 and 2 year mid-high levels.
Unfortunately we are not one, but a year ago we were right there. Circumstances, particularly the high leach pads conspired to cause poor production and high costs which crippled the SP. If the 2Q pads had leached quicker we probably would not have seen these levels.
Its nice to have a company like Goldcorp with us and fantastic that they did not buy us out. As we would have been taken out for say 50 cents, good for new holders but terrible for the us longs.