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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

Timmins Gold Corp > Wow more unloading today
View:
Post by Goldhound3 on Sep 29, 2016 11:34am

Wow more unloading today

Price is now at .60 down another 5%. Looks like we might be into the .50's soon which might be a buying opp for those that feel the stock is worth over a buck. There seems to be a lot of people who feel other wise though thus the selling the last 2 months ever since we hit .80
Comment by own_quality on Sep 29, 2016 12:30pm
No unloading really, just a lack of buying.  The volume since the price has dropped has been very light.  Once we get the 3Q production and revenue numbers we'll see some volume again.  It would have been a smart move if they sold some months forward near the highs.  Afterall they are needing to fund the preconstruction phase for Ana Paula.  Often when miners have near ...more  
Comment by MisterB on Sep 29, 2016 1:39pm
OQ, Unfortunatley, at the time the financials were released, per subsequent events,  they had no forward contracts - so it looks like nothing was entered up to July 2016.  A double whammy is that they did enter into forward contracts last December, which resulted in them having to deliver gold at around $1080 oz when the going rate was $1200.  Luckily, the quantity wasn't too a ...more  
Comment by awacs1 on Sep 29, 2016 6:19pm
Keep a weather eye out. If we slip below .60, it will trigger an avalanche of sales due to the technical indicators. We are bumping along the bottom now. 
Comment by bobofet on Sep 29, 2016 10:03pm
If we slip below .60 the institutional vultures will begin to eat and eat, that's what they create and do. We are at the bottom yes.. of the top only.. if all goes to the big boys plans , once the numbers come out we buy ,,, or sell depending on how we can make more money... we are greedy selfish and very manipulative as we punch in our algorithmatic programs to see when to sell or buy... I ...more  
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