Post by
klondike123 on Jul 31, 2015 6:07am
Buying???
Anyone research the fiscal health of this company? Can it weather the downturn in the POG? Anyone buying in at .40 and below?
Comment by
pdcon1 on Jul 31, 2015 8:26am
hold original shares bought more at .44 and higher. conference call was positive as they move to higher grades in san fran and bruce was very excited about the higher grades at ana paula . tmm has around 21 million cash and advancing ana paula at a low cash burn . like every other miner they are antisipating higher gold prices meanwhile cutting back expenses . jmo
Comment by
mattbigham on Jul 31, 2015 9:12am
Hopefully,seasonal lows in metals added to the projection of increased production at lower cash costs should signal to the shorts that it is time to move on and destroy the valuations of another company: The company is adjusting its 2015 production guidance to100,000-110,000 ounces of gold and cash cost guidance to $875-$925 per ounce of gold.
Comment by
pdcon1 on Jul 31, 2015 9:38am
the message i got from the conference call was streamline costs at san fran and increase tonnage by mining the higher grades if possible and advance ana paula and calbello with minimal cash . nothing was said about a pp as they have enough cash to sustain themselves .