Timmins Gold Corp T.TMM

Now 19 weeks left until $10.2 million debt is due

[johncolt]

And Q4 is still going to be another operating loss.   

 its existing US$10.2 million secured credit facility.

The new credit facility is effective as of January 26, 2016 and has a maturity date of June 30, 2016. Interest is payable monthly at the rate of 12% per annum, and the principal amount outstanding is payable on the maturity date. In consideration of the re-financing, the Company will pay a bonus to the Lenders under the credit facility, in the amount of US$408,901.47 on the earlier of the repayment of the loan and June 30, 2016.

[fb454]

How do you know the 4th Q is negative? Are you guessing? Did you call the company or are you assuming? Thanks.

[frankman]

Fb are you obtuse? They have had operational losses last three quarters including last quarter when they sold gold at $1137. and started losing money at $1221 gold sold. Gold have averaged below $1100 all last quarter. So yes expect another operational loss. Wow some of you are either pumping sh!t or are really clueless.