Timmins Gold Corp T.TMM

Caught with their pants down!!! LMAO

[frankman]

Could be gluestick from the Newstrike board who disappeared. Never had two brain cells to rub together! Back to the eventual 20 cent range folks with the plant oxidizing in storage and a bigger operating loss coming this quarter. Debt coming due and the cash burn bringing funds below owed debt. 

The price of gold is just too low and gold will continually be pressured into 2016

[Goldhound3]

So franky are you saying TMM is going lower

[frankman]

OH YES!!! Next report with less revenues will be another operating loss, with more accumulated debt and Sprott's debt coming due year end. No one blames mgmt for the price of gold but that is what it is. I agree with another poster. More financing will be needed.  With the recent 30-cent financing, I would expect another one coming probably by year-end after tax loss selling. They should

[Goldhound3]

Thanks for the post. I would have to agree with you. Unless gold can make a move above 1300 TMM is going to be in very bad shape. There is no way to ge Ana paula online unless they dilute more and with tax loss selling coming up it could get ugly. A lot of people have lost there shirt on this one just imagine the ones that are still holding from when the share price was 2 bucks.

[frankman]

and Ana Paula needs 100 million $$$ PRE PRODUCTION according to them. Tack on mega dilution yes on an already bloated float of 300 mil shares out. From the news release: the project and reduce the remaining pre-production capital required for Ana Paula to approximately US$100 million. 

[Goldhound3]

Maybe they do a pp for 200 million shares at .50 cents and do a gold stream for 20% of the gold mined

[frankman]

"Hope and prayer" is always possible and the Sugar Plum Fairy is up next. And the half billion share float? They should do a rollback first. 

[Goldhound3]

Almost all roll backs i have been in ended very bad, most get delisted and vanish so a roll back is not good.. All they can do is dilute the cr@p out of the company and with the share price this low the ones that have been holding over a buck will be in trouble

[blade86ca]

frankman If you re-read the PR you will see that "The total purchase price to be paid by Timmins Gold to Goldcorp for the Plant is C$8.0 million to be paid as follows AND Timmins Gold's CEO Bruce Bragagnolo states "The purchase of the El Sauzal Plant is projected to save in the range of US$40-60 million in initial capital expenditure when Timmins Gold constructs Ana Paula, not only