Timmins Gold Corp T.TMM

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[xyz_trader1]

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"We opine that this so-called "limited number" is in fact "1" (i.e. Timmins Gold) "No - no. You got that wrong.
There is a talk of a large player negotiating this purchase with GG - NOT Timmins.
It's a third party. A large investment group who wants to buy that from GG and possibly make an offer to Timmins as well. Timmins would benefit from that. GG just tried to signal it early. GG needs money and Timmins needs money. Timmins is focusing on AP - not that property. Timmins doesn't even have a budget to continue with previously scheduled expansion of SF area claims. If the transaction occured - Timmins valuation would increase instantly. Selling TGD now is a major mistake.

06 Feb 2017, 12:24 PM Report Abuse Reply 2 Like

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See here:
https://bloom.bg/2kjTJR0They are in talks right now.
"Camino Rojo could sell for about $200 million, according to an estimate from Andrew Kaip, a Toronto-based analyst at BMO Capital Markets."Tim Claim:
https://bit.ly/2lhkVP7So basically - a new capital expansion covering this property could eject TGD price to stratosphere, because right now market is still complaining about lack of AP funding. So if the talks about Camino Rojo come to a deal - it is very likely Timmins will have the money to complete AP 100% without any new capital injections.And all that provided that the gold price remains at current levels.
Even with gold falling down 20% - AP would be right on track. That is the big news here, not the "sell now, because I said so" article.

06 Feb 2017, 02:06 PM Report Abuse

[intowin]

Never crossed my mind but selling Tim's Claim would be worth considering as Ana Paula is their main focus and will be for sometime.

[MisterB]

I disagree about selling the Tim Claim.  Selling is short sighted and a "one time win", whereas defining the resource woud be a mid/long term win.  TMM needs to retain claims that can be drilled out and add ounces.  Any movement on GC's Camino Rojo will bode well for TMM and show the value of these claims.  If anything should occur in the short term, it should