Timmins Gold Corp T.TMM

Chart is starting to look good

[quietobserver]

2.40 + seems to be our resistance point. Close tp a breakout?

[bobby621]

look at other miners, most of them have all produced gains since last Friday's brutal decline.   Not sure what chart your referring to??   Fact is miners are up because the POG is up, no other reason.   If you were fortunate to buy last week in the $2.14-2.18 range you might consider selling 50% of your position.

[quietobserver]

TMM's chart of course :) I agree it will depend on the price of gold.

[tarnoir]

Yes, but I would argue miners have outpaced the price of gold the past month. Gold is not too far off its bottom - only ~ 4%, but the likes of K, ELD, IMG etc. generally, are up 10+% or more. I picked up K @ $5.40, its at $6.03 today - 11% gain with gold only have rebounding 4-5%. The miners usually predict future Au price mov'ts IMO, so bodes well for PM sector in general. Mind you, could

[jims101]

$2.40 looms as important overhead. A push through that price level on expanding volume will turn the MSI indicator up over 50, the RSI over 50 and the DMI into a bullish configuration... It will be interesting to see what transpires over the Memorial weekend....and into our Tuesday morning. Will the hedgies and bullion banks try another raid on gold? If they do I think we'd have a great buying

[quietobserver]

Chart is looking very good now. As long as the POG co-operates we should continue to climb, at least to 2.70 ish

[bobby621]

Again with this "chart stuff", miners are up because the POG is up. (you guys make it so difficult sometimes) POG goes down, miners go down, it's not that hard to correlate the two.   You guys make it sound like TMM is the only "great buy" out there, there's many "fish in the sea" to choose from, just have to "hook them in" when the time is

[TimTimmins]

Hey bobby, I'd have to digress with you to some degree, check out KGI.....the stocks been flying for more than 2 weeks having pretty much doubled....while gold has pretty much gone sideways...

[bobby621]

@tim   why didn't you bring this up before??   I would've loved to buy it.   All I can say about "Kirkland" is WOW. In some cases POG doesn't effect SP, investor sentiment does. I guess we've all got to choose "what investors are buying" and "who's buying it"

[strikezone]

Look where it fell from!!

[princeedward]

So where does the valuation for Kirkland come from?  From what I can see, their assets are on par with TMM and their production is less.  They do have fewer shares out so that adds value but why are we having such a difficult time breaking through the $3 ceiling?  We should be 10 bucks by their standards.

[TimTimmins]

Actually bobby I've referenced KGI here several times over the last few mos. drives me nuts with their multipes (P/CF @ 36X; P/E @ 30+ when they did have earnings; Op. margin @ 5%) looked hard at them when at $2.85...thought of selling ALL of my TMM and rolling into KGI...I'd have been up a ton if I had the ba_ _ s to do it....just the fundamentals for TMM are so darn much better...gotta

[tarnoir]

KGI currently has annualized production levels of ~ 180k oz/yr - and we are talking high-grade. Agree that TMM heapleach is perhaps the cheapest producer on the planet, but pretty hard to match KGI's production growth. Should get up to 200k oz+ within the next year. Also, remember, Mexico just jacked royalty rates, so that might be weighing on Mexican PM plays a bit.