Post by
Goldhound3 on Oct 22, 2015 9:41am
TMM share price
Maybe there will be a takeover but the question will be at what price.. TMM is now at .29 and looking to drop further. Maybe if they can get the price down to .20 cents and offer a 100% premium we get taken out for .40 cents.. Ya that would be a great deal.. not
Comment by
jeanelliso1 on Oct 22, 2015 10:33am
Maybe there will be a takeover but the question will be at what price TMM paid $140m for Newstrike then add value of TMM then IMHO value should be about $1.00. > It's all in the price of gold, which needs to be in the $1200 range. @ $0.30 TMM is a fantastic bargan. Ask Gold Corp what they think ?? GLTA
Comment by
Goldhound3 on Oct 22, 2015 10:38am
Gold corp is not worried if TMM does fail as it would just be a write off for them.. The share holders that paid 2 bucks or higher are the ones to ask not Gold Corp.. I have seen many majors invest money in small juniors and then watch those juniors disappear or get taken out for peanuts.. TMM will be no different
Comment by
pdcon1 on Oct 22, 2015 10:55am
if that was the case tmm would be gone already , they are a 100,000 oz producer with a bit more investment could be 350,000 oz gold producer. Lets see what the new ceo brings to the table . Its all timing and the price of gold , rest assured they will do something more as they already changed ceo .
Comment by
Goldhound3 on Oct 22, 2015 12:04pm
Pdcon1 you are correct they are a 100k ounce producer right now but I think your forgetting that they are producing that 100k at a loss right now.. If gold does not move above 1300 soon where will they be and at what share price and how much more dilution will they do
Comment by
jeanelliso1 on Oct 22, 2015 12:48pm
Golhound3:
Timmins has not announced it's Q3 findings
Q2 they report earning $629,000
Timmins Gold earns $629,000 (U.S.) in fiscal Q2 2015
Comment by
jeanelliso1 on Oct 22, 2015 10:59am
Just keep your eye on the price Gold > 8 days ago Gold was $1180 > TMM $.36 Gold is currently down $11.00 & on the rise ( I hope) GLTA