Timmins Gold Corp T.TMM

It will probably drop below 10 cents eventually

[johnfever21]

As long as gold produced here is unprofitable and continues as a cash losing money pit. Debt in a matter of months will exceed any cash left. Sprott may extend the $13 million debt due OR may not. Either way cash and time are running out quickly here as long as gold sits at this level. there are producers out there now trading for pennies.   

The next quarterly loss coming will be another nail.

[pdcon1]

why would tmm be foolish enough to keep mining and have their share price drop to 10 cents . they dont have much debt .  

[pdcon1]

some of the bigger shareholders like Sentry  would have to take a bigger stake here as the only solution is to get ana Paula into production if it means to move the mine from San Francisco to ana paula .

[gbenga]

I still ask:  what is TMM holding that is of value?  TMM was the talk of the town 18 months ago.  Those assets did not disappear from what I have read.  There were questions about the grade of their gold but that's all.  So, if the assets are still there, and valuable, surely $13 million debt should not be in issue.  Also a debt being due doesnt mean it is payable

[pdcon1]

tmm is being exploited by everyone and  the way i see it is get Ana Paula into production , at a cost of 175 million  that would be a lot less if they mover San Francisco mill and vehicles to Ana Paula in 6 months we have a low cost  producing  gold mine and were making money again . This would do wonders for the share price that sprott would like to get into , or a possible

[frankman]

I wasn't willing to go that far yet John. I was waiting to see if they would put the mine care and maintenance and preserve cash until (if) gold recovered back to a profitable level. but if not your right the penny range. I can see 5 cents eventually when the debt exceeds the cash left. Not much time left though and they are still scratching the earth for a good spot to mine. Not looking good

[Goldhound3]

I would have to say most people that paid above .40 for this stock have bailed out..