Timmins trading about to get exciting...I'm probably one of the longer holders buying in 2013 and selling in 2014, then buying mid to late 2015 and buying hard Jan 2016. I've watched it go from .10 to .80 and back to .40 CAD and one thing I can say is the behaviour of the shareprice is a very big tell for shareholders. The stock reacts well in advance of good news (Mine plan extension, Drill results in the past), as well not so good news (PP at .55).
I am very excited to see the results for this fiscal, but more importantly the drill results and next steps as AP moves towards the feasibility study release in a few months (4-5mo). I expect the trading will telegraph the results.
I fully expect TMM to get taken out but not until 2018 or beyond and it would have to be at 3x current market cap as TMM can move AP from Feasibility to producer in a year+ (so why not just execute to plan unless you get a big premium (on a reasonable valuation, which TMM does not have).
With Cash at hand and no debt, funding AP will be easy and non-dillutive imo. Against a backdrop of rising gold prices (my opinon, market crash, increased inflation) means TMM will be a market darling imo. SImply need a little patience here as information trickles out and people start to see AP potential.
B