Timmins Gold Corp T.TMM

Nothing but selling

[Goldhound3]

since the NR on Friday. Bids now coming in at .66. If this continues the stock could be in the .50's by next week and if they raise interests rates I guess it's lookout below for a lot of mining stocks.

[teepster]

what would you recommend for someone holding onto shares in the mid 0.70 range? hold for long and hope it works out in the long run or sell now and hope to catch it when it bottoms out?

[Goldhound3]

I would not sell now as I do think if they get Ana Paula going the stock will rise. Hopefully if the Feds don't raise rates today gold pushes upwards and Tmm does the same. I think if you tuck away this stock and check back in 6 months you will be have,but again do your own DD.

[Goldhound3]

Oooops should have read raise rates in Sept not today. Hopefully the Feds minutes today are dovish and not hawkish. Level 2 is showing very little support on the stock right down to .62. Not looking good short term

[handyrandy321]

Gold you mean before the 10 to 1 or so share consolidation and the mega financing required? $121,000,000 doesn't magically appear. 

[supersport454]

Good morning randyhandy321. Please let me know where you learned this info regarding a 10 for 1 reverse split and the 120 million financing.?  On the conf. call it was said the the feasability study will be self financed. What if gold is over 1500 by then? Thank you.

[handyrandy321]

The $121 million needed is in their OWN news release. The money they have now just covers the feas and such. You read that right? The $121 million has to come from somewhere and they would need a financing deal of some sort. Obvious to most of us that the 319 million share float would likely need a rollback just like Torex  "Construction capital costs of $121.7 million" https

[supersport454]

The 121 million is not an expense due by a certain date. It may be spread out over  X amount of months. Timmins already has the plant and it`s paid for. They updated production guidance to 90 - 100 thousand oz. With all in costs of   750 to 800; that`s an abundant amount of cash flow. The feasability study lasts well into 2017. What if gold is at 1450 in 4 to 6 months? Let`s see what

[bobofet]

Correct Timmins is making lots of money at the moment and has time to make a lot more before Ana begins..so they will or should have much money banked a lot if gold price stays up there.. also if the numbers don't lie the ANA PAULA project could carry an extremely high debt load with those kind of numbers. Timmins is more than just Ana ,,,, its making money and banking it.. the best news its

[DEH1]

supersport454:  Agree >>>>  A must see !!!!!    "  Let`s see what details they give on San Fran. We should get this info within a few weeks"    Cheers:

[supersport454]

DEH1, San Fran can probably produce until 2021 to 2023. They could even drill for more reserves at some point because the still have viable and drilable gold available.        My outside view is that if gold go thru and sustains above 1400; TGD becomes a buyout candidate. Every miner has had to cut back on drilling the past 6 years. 1400 plus gold means we are very attractive

[bobofet]

Everything you say makes sense... I think San Fran has more potential than we currently know about.... but I am a bit pissed at the recent stock action.... seems down a bit everyday...  seems that the powers that count... the big boys, want to buy Timmins cheap again. 

[MisterB]

Hey Teepster, My view watching the action is that you have a set of people with decent positions selling after the significant run over the last 8 weeks. Since June 1, TMM has run up 105% as at Monday.  These ppl are clearly taking some money off the table, which is healthy and understandable, but won't last for long.  You will also note, it is low volume driving the stock down. You