Post by
bobofet on Nov 03, 2016 1:15pm
Tom Jones
Tom Jones said it best. why why why Delilah......well Timmins has a hard time moving because..
The smaller a float, the more volatile a stock can become. If a stock has one million shares in its float and announces really good news, the share price will soar due to their being hardly any shares in the float. If there are hardly any shares in the float, this means that shares are harder to buy and the price to buy shares will go up.
If a stock has a really big float, this would mean that the stock is prone to less explosive moves. A stock with a float of 100 million shares won't rise 100% in one day, but a stock with a float of 1 million shares could.
Comment by
bobofet on Nov 03, 2016 1:28pm
Timmins has 319.2 million shares out there.... and a float of 284.9 million shares that anyone can buy... stock price is like gold its scarcity makes it valuable..... signed long term.
Comment by
Buster146 on Nov 03, 2016 1:33pm
I'm new at this where do you get the float info and how do you know when it's exhausted
Comment by
bobofet on Nov 03, 2016 2:04pm
Share structure you will find on Timmins web site.... as for the float this number is always moving if you search the web you will find an approximation,, exhaustion will only occur as more people buy in. thanks
Comment by
auburn2 on Nov 03, 2016 10:46pm
Ana Paula is a very impressive asset. My question/concern is how it's being financed. From the presentation this is not clear.
Comment by
zzthnx on Nov 03, 2016 10:59pm
Someone with more knowledge on TMM would probalbly be able to anwer that question better than me, but my understanding is that they will fund pre-construction activities from San Francisco cash flow and then look to do a financing (hopefully debt, not equity) for the 100 or so million cost to put Ana Paula into production.
Comment by
bobofet on Nov 04, 2016 11:29am
You are also correct...... no its not THE determining factor but yet a fact... I dont know who how many institional investors, insiders, hold shares of Goldcorp... but it is a fact the less shares out there the harder to get is a factor, dilution, dilution.
Comment by
bobofet on Nov 03, 2016 1:29pm
Timmins has 319.2 million shares out there.... and @a float of 284.9 million shares that anyone can buy... @ @ @stock price is like gold @ @its scarcity makes it valuable..... @ signed @long term.