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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 > Canaccord dumping
View:
Post by auburn2 on Dec 13, 2016 2:30pm

Canaccord dumping

Only sizable seller. The buying records look fine with Anonymous and RBC both taking down about 200,000 net. I assume it's tax loss selling on a down day in gold, taking those proceeds and putting them into another gold name.
Comment by auburn2 on Dec 13, 2016 3:28pm
Check out this comical dumping:   O 0.395 -0.035 500 1 Anonymous 85 Scotia K 15:26:08 H 0.395 -0.035 7,500 79 CIBC 85 Scotia K 15:26:08 H 0.395 -0.035 25,000 1 Anonymous 85 Scotia K  ...more  
Comment by Goldhound3 on Dec 13, 2016 4:26pm
More dumping continuing if we keep losing 10% a week the stock will be back to its 52 week low of a dime by the end of Jan when Trumpy takes over...Also the Feds raising rates tomorrow expect more dumping. We may even see .30 by the beginning of next week.. Not looking good short term and if SF gets put on maintenance the stock will really get crushed
Comment by auburn2 on Dec 13, 2016 5:00pm
The cash costs of SF are rather low. Did you read the last quarterly? They also have production hedged at much higher prices. TGZ is off substantially as well from its financing at $1.05 and that one has strong insider buying by the cornerstone investor somewhat supporting the SP. TMM had warrants attached, TGZ not. The warrants sometimes make a stock a hot target for shorting. Nonetheless, look ...more  
Comment by awacs1 on Dec 13, 2016 5:02pm
I will be a buyer again starting at .37 with my next bid at .35. Taxloss selling is not easily explained by normal market logic. 
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