Timmins Gold Corp T.TMM

Ouch someone just

[Goldhound3]

unloaded 120k

[Goldhound3]

selling is continuing

[bigbank91]

no one has any bids for anyone to know what there worth. everyone checks insider buys on these bb for some direction. i was thinking GC would but no. looking at Q2 results tmm had 21M cash and lost 1.9M . I dont think they would need a financing to survive yet. 10M to end year possibly ? but sellers look to not take any risks. imo, its a perfect time for major upside and major downside. very

[bigbank91]

only has 13M debt ? which is nothing. looking at other miners they are losing more then this and have older assets. must be the cash position or tax loss.

[tannin]

To raise a $ 100 million ?.......say another 100 million shares and balance debt...any other thoughts ? 

[bigbank91]

$100M for capex 8yr mine life with low cash costs will be easy to get a decent loan to build. 400M at 1600gold. 20M cash with low debt is a good spot. considering the price. GC has proven they will buy shares at .30.

[marpip3]

Bigbank your forgetting the new debt just aquired along with that last minute Newstrike loan. And Sprott's debt has been extended umpteenth times.