Bullboard - Stock Discussion Forum Timmins Gold Corp T.TMM

Metals & Mining Gold

"Timmins Gold Corp is engaged in acquiring, exploring, developing and operating mineral resource properties in Mexico. It owns and operates the San Francisco open pit and Ana Paula gold project in Guerrero and the Caballo Blanco gold project in Veracruz."

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Timmins Gold Corp > How much might Gold Corp buy out TMM ??

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Post by jeanelliso1 on Dec 08, 2015 11:52am

How much might Gold Corp buy out TMM ??

They now own 30m shares > 16.68 % @ $.33

Name	Shares Held	% of OS	Report Date	Change
Page 1 of 3 - 1
GOLDCORP INC.	30,000,000	16.68	20151019	new

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Comment by Charlie_Chan on Dec 08, 2015 12:01pm

Looks like Goldcorp could pick it up on the cheap right now. If they already own 30 million of the 315 million shares oustanding, the remaining value is a paltry $54 million based on $.19 a share. The way the share price has performed recently, it is hard to imagine any substantial premium being paid.

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Comment by jeanelliso1 on Dec 08, 2015 12:27pm

Agree: Gold Corp is currently down > If they were wait untill they return to $20.00 it is feasible they may offer to buy their remaining 83% TMM @ &.25 costing them only less 4% of their current # outstanding shares. Scotia has a $.25 target for TMM so IMHO TMM is a currently a real bargain @ $.19 & easy 24% gain. GLTA

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Comment by jeanelliso1 on Dec 08, 2015 12:52pm

Scotia 1 yr target TMM $.25 > GoldCorp $22.50 Recent Update Text as of 7DEC15 . GG announced a CEO transition plan. . Chuck Jeannes to Retire - Current President and CEO Chuck Jeannes will retire following GG's AGM in April 2016. Jeannes has been President and CEO since January 2007 and has been with GG and its predecessor company Glamis Gold Ltd. for nearly 17 years. . HBM CEO ...more

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