RE:RE:RE:With a float of 315 million shares when the consolidation?
If TMM were broke Sprott would not have extended the loan in January. The fact that they extended the loan for only 5 months tells me Sprott is not impressed with the state of Timmins' finances. But that was in January at $1100 gold. With $1270 gold the conditions are much more favourable. I am anxiously waiting for the 2015 financials to see what their cash balance is and any forward guidance as to how close they are to be able to cash flow positive at San Francisco into the future past Q3. The ideal scene for this stock is for the company to announce that they are producing positive cash flow at these gold prices so they will not be shutting down. Then, after a pop in price from this news they do a financing to pay off the loan, have adequate working capital and to move the Anna Paula project forward. Bob