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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 bob4977on Mar 04, 2016 10:03am
122 Views
Post# 24621615

Gold Price and Solvency

Gold Price and Solvency
I do not follow G but my understanding is they are stretched and are trying to get their finances back in line. Their strategy may change very quickly but unlikely before our loan expires in June. My guess is that TMM is crunching the numbers and checking to see how much interest there is for a private placement to at least pay off their Sprott loan. My guess is that if and when the price of gold goes above $1300 the market will price in the likelihood of San Francisco to keep running profitably indefinitely and therefore giving the share price a pop. That would make the private placement less dilutive. Bob
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