GREY:HGGOF - Post by User
Post by
goldenriviton Aug 08, 2022 7:27am
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Post# 34878039
Throwing good money after bad
Throwing good money after badVery poor results as I expected with lot of dry unreported holes at Timmins.I can not understand why the company is trying to explore two projects at the same time draining the treasury down on poor results at the expence of 8000m of drilling that could have taken JT to 20,000m instead of only 13000. this season.The company will now have to raise more capital in the depressed market sooner thanks to the Timmins duds.If Darwin does not pivit the focus to JT and drop all exploration efforts at Timmins until JT can prove up at least 2 million oz then the share float will explode when there was no need.The market funded at $1.60 on JT results we may never get that chance again unless they drop Timmins until after JT is provin to be an economic mine.Spend the balance in the bank on economic mining study of JT. JT is the prize Timmins is a distraction.