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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 auburn2on Dec 13, 2016 5:00pm
131 Views
Post# 25594580

RE:RE:RE:Canaccord dumping

RE:RE:RE:Canaccord dumping
The cash costs of SF are rather low. Did you read the last quarterly? They also have production hedged at much higher prices. TGZ is off substantially as well from its financing at $1.05 and that one has strong insider buying by the cornerstone investor somewhat supporting the SP. TMM had warrants attached, TGZ not. The warrants sometimes make a stock a hot target for shorting. Nonetheless, look at the valuations Newstrike was trading at for Ana Paula. People sometimes make poor decisions because their position sizes are too large for comfort, but if your position size is comfortable you should feel pretty comfortable as a TMM shareholder. A new CEO will be taking the reigns and there will be plenty of newsflow related to one of the best undeveloped high-grade open pit gold mines in the world.
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