Timmins Gold Corp T.TMM

Reverse Split

[godisgr81]

I'm not too worried about share dilution in the future as we have a great example with our neighbour, Torex. Torex prior to reverse split had almost 800 million shares outstanding. They mostly funded their development via equity financing and hence the large dilution. But since the 1 for 10 reverse split, the share price has done rather well.  

Yes, equity financing isn't the greatest but sometime it's a necesary evil. If the resource is performing well and even above expectation then the share value will go up no matter the dilution.

I'm not saying that TMM will do a reverse split in the future but one should prepare for anything in this market.

God bless the Longs......

[auburn2]

As you know, AP is blessed with unusually low capex, especially since the Goldcorp deal. Even without a cooperating gold price and cash flow from SF, a sane world would allow AP to be fully debt financed. But that's irrelevant anyway as the price of gold is $1260 as I write and it's going higher. And how much are the Tim claims worth? The 'fears' of further diltuion are in my view

[auburn2]

Correction: there will be further dilution from the warrants vesting at 70 cents.

[Goldhound3]

Will we ever see .70 and if so when...I see were back to .52 cents again.