Toachi Mining Inc TIMGF

no need to be delusional here

[Blazesb]

Goodman's priority is to build 'a small mine'--his words.  That means capital expenditures directed to this end and NOT to exploration.  So, Alain Bureau is supposedly a wizard at building to production in record time.  This does nothing for the stock as it generates no cash flow while under construction.  Then, before the mine is commissioned, the bugs--there are ALWAYS bugs-- must be ironed out.

Only hope for Toachi stock is for exploration discoveries on property--yet this is not a company priority.

That's the situation.  Prepare for a long wait with many diluting share offerings to fund construction before the market recognizes this and boosts the share price.

[rockmoney]

Then if that you say is true, TIM is dead and gone. They will never be able to build a mine here. Impossible. Capex is out of their range and they are bascially broke again today. They squandered a lot of shareholders money, jacked up the burn with the new managment and killed the stock.  Our only hope is that under a nickel, some smart junior or intermediate will buy the company and give

[Blazesb]

Do you want a steak or do you want the sizzle?  What I'm saying is that Jon Goodman has chosen the steak--he's building a mine.   Building a mine involves a lot of work.  It prioritizes construction over exploration.  Goodman has been admirably upfront about this. Goodman installed Alain Bureau because he built a latin american mine successfully in record time

[rockmoney]

What mine did Bureau build? He got tossed out of Pershminco. Nothing  was built there. Building social capital in Ecuador? They had that when the company was founded and the old team drilled like 10,000 or more meters with no problems and put out news every week. It as a very active company in 2016 and 2017. This company today cannot raise any money. It trades under a nickel. New investors

[Blazesb]

Pershminco was merged/taken over and investors were made whole.  That qualifies as a success and Bureau was hired on that basis. Goodman is building a mine.  Advancing the project also makes it attractive to potential buyers--an option he has not ruled out.  It may be Toachi's fate...not unlike Pershimco.  Goodman has described Toachi as a 'two for one', both a

[rockmoney]

Exactly as I predicted.  This company was long dead. The wishful thinking from some here that this "gifted" board of directors was somehow taking their time to do it right, was just down right stupid. So we get a measely $0.07. I'll take it, Its better than the all time low of $0.035 per share. Smart on Atico.