Timmins Gold Corp T.TMM

LEFTOVER $100 million needed???!!!

[cindfx1]

First those are the PRE PRODUCTION ESTIMATED costs. You make it sound like a sure thing like buying milk at the grocer. The market knows the company is facing tough times as the stock has dropped for three consecutive years. Almost a dollar this year alone. That plant with gold down here is going to be asleep in storage for a very long time. 

And they still are looking for profitable gold to mine. They started losing money at $1221 gold.

[blade86ca]

Cindfx1 , Yes preproduction ESTIMATED costs as you state , I assume you know what definition of estimated means right ?? they were already able to save approx. 40 mill from capex costs by buying used equipment from Goldcorp. Tell me what is difference between buying used items verses brand new items ???. Last point and the most important one , if this company was gonna keep losing money non-stop

[frankman]

Who cares? Many gold majors were blindsided and over extended their means. The plant is dismantled in storage and not going to be used for a long timer. And they used/using the last financing to do that. I know many CEO and boards that are OVER optimistic. that is their nature. Doesn't make them right though.  

[pdcon1]

frankman is totally clued out . first step is closing the deal then transporting the mine .

[bigbank91]

good to get GC as a shareholder ? i would think so.

[blade86ca]

frankman Yes very true many CEO and boards out there that are over optimistic , just like many stockhouse posters who are OVER pessimistic as well right ?? . "Overextended their means" you really telling me Goldcorp overextended themselves throughout the years ? based on their balance sheet which I took a quick look at now , I see why they always trade at premium (relative to peers