Post by
Bobwins on Oct 24, 2018 2:37pm
continued weakness
Stock hit C$.435 today on low volume. Company is posting very good progress on all fronts but stock keeps sliding. Market is obviously not interested in base metal or any kind of miner.
I am looking forward to next year when the second mine comes online. Profits should wake up investors. Telson should pay off acquisition of Morado in early 2019 and that should free up capital for continued improvements at both mines.
Market doesn't care about gold miners either but Tahuehueto will derive more income from gold and that might attract a little more investor interest.
Positive cashflow should be evident by mid next year and I'll be very surprised if Telson is this depressed by then. Of course, if it is, I'll be the one that's depressed!