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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

Comment by pdcon1on Nov 04, 2015 8:06am
71 Views
Post# 24256642

RE:RE:RE:RE:$0.25 Bottom? Gold down $20; Horrible TMM Release

RE:RE:RE:RE:$0.25 Bottom? Gold down $20; Horrible TMM Releasetmm says they may shut down production due to gold prices by june unless gold price recovers , if thats the case how can they refinance the cl with no income . dont think they can just shut down san fran unless they sell something to generate cash , or get taken out. We need more than 1 buyer to keep the share price up. Bruce played russian roulette with tmm  buying two fronts Cabello and ana paula hoping the price of  gold would increase , we got burned , now the new ceo  must be very innovative . If they close san fran they will need a pp , as we loose our cash flow  and a pp will bring share price down  dramatically . If they sell cabello , might help for a while as we focus on ana paula . We dont have a lot of choices as  we are slowly losing control of our own destiny , As  a buyout tmm is worth more with san fran in production as the new buyer can blend lower grades sold with higher grades mined elsewhere and pay less tax with more gold production until gold recovers . jmo tmm must optimize all costs at san fran to reduce all in costs , thats the only way , management and workers must compromise short term or we all lose , share holders have lost already and done their share.
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