Tuesday, April 14, 2015 2:08:27 PM
TMM.TO - not going under but low in?
Could be a good opportunity for some TMM.TO/TDG traders as sitting somewhat on a long term retracement level of $.70 that has delineated ST breakouts and tops going back to IPO.
Risk is dilution as Lundin cancelled private placement related to Newstrike acquisition. Shareholders selling as entrenched management didn't take $2.00 offer coordinated by major shareholder last year.
If grades go up a bit they will still make low range of guidance of 115k oz. Here is what I have for last 3 quarters per MD&A - all about the grade processed.
Q3 – Avg Ore Mined .56 g/t; Avg Ore processed .50 g/t, Avg t/d 24,062, Production 26,671 oz
Q4 – Avg Ore Mined .65 g/t; Avg Ore processed .56 g/t, Avg t/d 22,846, Production 25,007 oz
Q1 – Avg Ore Mined n/a Avg Ore processed .53 g/t, Avg t/d 23,053 Production 24,155 oz
Conclusion: Market seeing 100k/year producer, not a 115k/year producer so if they deliver in Q2 and gold goes back up to text $1300 then there will be bounce here.
Could be a good opportunity for some TMM.TO/TDG traders as sitting somewhat on a long term retracement level of $.70 that has delineated ST breakouts and tops going back to IPO.
Risk is dilution as Lundin cancelled private placement related to Newstrike acquisition. Shareholders selling as entrenched management didn't take $2.00 offer coordinated by major shareholder last year.
If grades go up a bit they will still make low range of guidance of 115k oz. Here is what I have for last 3 quarters per MD&A - all about the grade processed.
Q3 – Avg Ore Mined .56 g/t; Avg Ore processed .50 g/t, Avg t/d 24,062, Production 26,671 oz
Q4 – Avg Ore Mined .65 g/t; Avg Ore processed .56 g/t, Avg t/d 22,846, Production 25,007 oz
Q1 – Avg Ore Mined n/a Avg Ore processed .53 g/t, Avg t/d 23,053 Production 24,155 oz
Conclusion: Market seeing 100k/year producer, not a 115k/year producer so if they deliver in Q2 and gold goes back up to text $1300 then there will be bounce here.
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