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Bullboard - Stock Discussion Forum Timmins Gold Corp T.TMM

"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."

TSX:TMM - Post Discussion

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Post by Platin2014 on Aug 15, 2016 2:29pm

Low SP

I am not aware about any other producing Gold miner being traded that low. Good news out, good financials Q2, good outllook - SP in the red, stupid market. We should be well over a buck IMO. Who has an interest to hold SP at current levels? For weeks now last minute selling at the end, the selling on Friday. My guess is, someone whants to take over TMM for pennies on a Dollar.
Comment by xyz_trader1 on Aug 15, 2016 3:17pm
Definetly a takeover target. I think what people are waiting for is the mine plan for the San Francisco Mine since it wasnt supposed to continue past 2016. From the Aug 11 news release, "We are in the final stages of the engineering work to determine the optimum mine plan for continued operations. We expect to release full details before the end of the month.". Wait and see how long San ...more  
Comment by bobofet on Aug 15, 2016 3:19pm
Im starting to think the same way.. one has to ask themselves why?   why the last few days hasnt produced anything in the way of any increase, why ?     lots of volume.. yes.... on the amex   lots more...  its not like gold is down..its in a tight range still.   Maybe your right maybe they want it  cheap or maybe the big boys want it ...more  
Comment by bobofet on Aug 15, 2016 4:30pm
I think its just a matter of time before we move but  its a bit weird I agree.... and gold has been trading sideways   if we get hit with a drop of 20 0r 30 dollars on gold we may see Timmins down in the 60 again.
Comment by xyz_trader1 on Aug 15, 2016 5:01pm
every gold stock will go down if gold price goes down 20 to 30 dollars. Note September is usually a strong month for Gold price appreciation according to kitco.com If we get the confirmation that San Francisco can go on for 2 more years, the SP will pop over 80 cents. xyz_trader1
Comment by flamurtari1970 on Aug 15, 2016 5:06pm
...or mabye Timmins is getting close to have a permanent CEO; could be Mr. Backens or someone else and once the news is out things might fall in place...
Comment by Platin2014 on Aug 15, 2016 5:17pm
...at least the company presentation gets an update, will be out this week-may be, dont know how long it takes
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