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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 godisgr81on Feb 27, 2017 8:23am
187 Views
Post# 25897233

Reverse Split

Reverse SplitI'm not too worried about share dilution in the future as we have a great example with our neighbour, Torex. Torex prior to reverse split had almost 800 million shares outstanding. They mostly funded their development via equity financing and hence the large dilution. But since the 1 for 10 reverse split, the share price has done rather well.  

Yes, equity financing isn't the greatest but sometime it's a necesary evil. If the resource is performing well and even above expectation then the share value will go up no matter the dilution.

I'm not saying that TMM will do a reverse split in the future but one should prepare for anything in this market.

God bless the Longs......
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