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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 MisterBon Feb 04, 2016 12:26pm
119 Views
Post# 24524493

RE:RE:You told me the same thing a year ago, but note this

RE:RE:You told me the same thing a year ago, but note this
Blade, i've ignored the poster that repeats the same old things - seems they use multiple alias'.

I agree with your view: The economy will go into recession and the impact on the USD will be negative - which bodes well for gold.   I see the uptrend continuing all year, with several consolidation points along the way. Nice and steady.

The damage has been done to TMM already and I was glad to buy at .12 and .19 to bring my ACB down.  I'm looking forward to how the TMM story unfolds, and it could be a couple ways in my view.  Following is the order/likelyhood of  things that may happen (in my view):
  • Funding is obtained and TMM decides to maintain operations by summer (or restarts operations early FY17) with the improving gold picture, and contiues to move forward on Ana Paula
  • Possible sale of Cabello Blanco
  • TMM gets bought out after studies released in mid-2016
  • Funding obtained and TMM goes along as an exploration company while gold treads between 1100 - 1200/oz, using current FCF projected for 2016.
A side note:
  • Backens himself said he expects FCF to be around $20M (from the conf call, if I recall correctly) in FY17 assuming they continue with their care and maintenence plans - which takes care of Ana Paula study expenses and loans outstanding & Due in Q2.
TMM Need:
  • Seems TMM is floating along a bit directionless at the moment. Overall direction will require clarification and reconfirmation soon to trigger movement.
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