Timmins Gold Corp T.TMM

Backens said need gold north of $1300

[handyrandy321]

If gold remains down here look for a complete drain of cash this this quarter. With another operating loss on the horizon, any spending plans should be curtailed and preserve remaining capital. Folks they just spent $11 million in 3 months which they can't repeat and cash left less than half INCLUDED a financing.

  "we would need to see sustained gold prices north of 1,300"

SPOT MARKET IS OPEN
closes in 6 hrs. 27 mins.

Nov 04, 2015 10:33 NY Time

Bid/Ask	1116.80 / 1117.80
Low/High	1113.50 / 1122.60
Change	-0.40	-0.04%
30daychg	-19.10	-1.68%
1yearchg	-51.40	-4.40%

[Goldhound3]

Hopefully they can just sell the company for .35 a share and be done with it..Thats a huge loss for me but better than the alternative.. If gold goes below a 1000.00 this company will disappear like San Gold and others did..Gold may not go up for another 5 years as the Federal Reserve hates gold and they are the ones controlling it

[Czicfwillgetermit]

I think thats where we are headed.  It seems an easy sell.  San fran will be an option on higher gold as any partner or buyer wants ana and cab.   If we are lucky we get a share swap with a decent premium and maybe ride another miners shares higher.  I have no idea if it will happen and buying stocks hoping for a merger is not a good plan but its a nice backstop. To me GG

[Czicfwillgetermit]

The market is already valuing san fran at zero.  Management is taking the last 21 million out of it to pursue other projects and pay the bills just in case gold remains flat.  If gold falls further then tmm along with 75% of other miners will be done.   Ana is the one good asset left and cab is decent and the market thinks its worth at least 23 cents a share.  I have no idea

[marpip3]

CZ many minig assets (hundreds of companies) are valued at zero. Gold or other minerals in the ground might as well be on Pluto.