Timmins Gold Corp T.TMM

$0.25 Bottom? Gold down $20; Horrible TMM Release

[gbenga]

If we close at $0.25 on a day when dropped $20 and NR could have resulted in massive, unprecedented sell and SP drop, then perhaps bottom is at $0.24-0.25?

[Czicfwillgetermit]

Hard to say, i was surprised by the legs it had after the news plus a gold sell off.  I think the value players are throwing some bets that a miner will scoop them up for a double.  

[pdcon1]

Rmx. Rubicon  is shutting down  . They just started mining in June  may open later , reason is no feasibility study done on the mining   And probably low gold prices . Tmm says they will shut down San Fran  by summer unless gold prices recover. And focus on Ana. Paula  . You can't keep mining at a loss and this is the position most mining co are in but some will

[Czicfwillgetermit]

I have been waiting for a miner to draw a line in the sand, i didnt think it would be us first.  It does make sense not to waste/risk the effort to just break even or lose money as long as start up costs are minimum and there is no significant long term debt that needs satisfied.   I do think tgd has more wiggle room to extend operations or go underground here than tney let on but they

[pdcon1]

tmm says they may shut down production due to gold prices by june unless gold price recovers , if thats the case how can they refinance the cl with no income . dont think they can just shut down san fran unless they sell something to generate cash , or get taken out. We need more than 1 buyer to keep the share price up. Bruce played russian roulette with tmm  buying two fronts Cabello and ana

[Czicfwillgetermit]

Management probably could make a go off san fran at current gold but it could  cost them the bigger prize at ANA if they spend all their cash flow finding more margin grade gold at san fran.  Seems like they prefer to cherry pick the pit with limited deferred stripping and then leach all their extra stock piled ore into 2017 so they can fund ana feasibility study and permiting .  

[johngoodmm1]

No one is going to buy a mining operation that has failed with gold down here. Majors are in cost cutting mode. They will wait until complete failure as Timmins closes the mine and the share price drops further. 

[jeanelliso1]

johndoodman1 Sentry will control the SELLING  price /   TMM.    Currently counting all the TMM mines the total value is reported as $105M.  Devide this by 300M shares  / = $0.35 GLTA

[johngoodmm1]

Jean they (Sentry) are still a minority holder with the 300 mill share float. Many entities are controlling the share price