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Blackrock..... investor comes in and drops it to the ground, gets cheap shares
$6.50 looks really good from here!
From Reuters:
BUZZ-Alio Gold Inc: TD cuts PT on Rye Patch Gold Corp deal
11:13 AM ET, 03/20/2018 - Reuters
** Canadian gold miner's shares falls for second day, down >10.5 pct to 2-yr low of C$2.52
** Says on Monday it will buy Rye Patch Gold Corp in an all-stock deal
** Rye Patch shares, which rose 4.8 pct on Monday, were down 7.6 pct to C$1.22
** TD Securities cuts PT to C$6.50 from C$9 due to share dilution from deal
** Adds deal will diversify Alio beyond its one producing mine
** 3 of 5 brokerages rate the stock "buy" or higher and 2 "hold"; their median PT is C$6.50 (Reporting by Karan Nagarkatti)
Not to happy to hear about dilution. Maybe that's why we had a drop... but not exactly sure how that was found ahead of time. C$6.50 is not that great
It is tempting. I feel like I'm chasing though. It's not good to chase... and it's impossible to know why the stock has dropped like a rock lately.
It definitely is tempting to buy some more. I'm posting a decent loss now and would like to recover. Just balking at putting more in ALO
Yeah, doesn't make much sense, does it?
I have been out for awhile, but this price is super attractive, but I also don't know why the stock acts the way it does or what is plaguing it
$ALO
This doesn't make sense. They are going to purchase someone else's gold and the floor drops out?
Is this more of a response to the potential fed rate hike?
OR does someone else know what is plaguing this stock? I know their numbers haven't been the best... but they aren't the worst either.
Time to push in the other direction...
Bouncing ball is right... It needs to bounce back the other way now.
Follow the bouncing ball with this PPS,
Go Long, ALO
Well are you not the picky one. lol! I assume that is another project we will need to fix going forward.
Thanks, TK
It is under OTC Mining, though lol
$ALO
P.S. watching for bottom as well
The board has been changed to ALO thanks to Admin Shelly
We can just no body has contacted ADMIN. I will do it if you like
Why can't we get this to reflex ALO!
$0.40 pre split = $4 a share in comparison presently.
So where is bottom? Is this bottom and or near it?
Watching.
The financing is a done deal. The chart showing a downward direction.
What happened today? Investors didn't like the ANA P release?
I figured it would at least hover a bit.
Difficult, You would think not. I had MSTX before and it is SVRA now, same board or was one created new, can't remember.
Tell admins? I assume they would know, but????
Maybe we just need to start new one
Will this board / site be changed to ALO? or are there difficulties with that?
I Also agree with this.
I got out of a stock at around +76%. It hit my sell mark. However, I missed 300%+ doing this. I didn't think it would keep going up... but they had a couple good wins and participated in the post US election take off. I was happy with the 76%... but I Would've liked the 300%+ better.
Can't hammer the hindsight. If you made money... you made money. Take it and run.
Glad I held on... normally R/S's suck. I've held on to 2 at the same time (AlO and another).... the other one tanked because they rediluted. Gains are down to about $5 there lol... sigh.
Anyway... lets go ALO.
Thanks, Tech
The hindsight just sucks lol
You did it correctly. Stop hammering the hindsight.
There's no rush,patience can be rewarding??
Makes me SOO mad I sold...........I could've rebought lower, though
It just figures that now I am smart enough to bail before an R/S only to have an R/S be a good thing after getting burned on all previous R/S's
Such as life, glad everyone who held is doing well
$TGD $ALO
Yes It was nice to see that,apparently there's not a new board yet.
Moving into a mid teer,I ponder what its fair price will be.
TGD (alio gold) is having the best day of the year, and the board is dead?!
The R/S and the new listing was definitely beneficial. Glad, I double down and bought more a few weeks.
speaking of that... looks like we need to get the board name / title changed.
You mean ALO?
Changed to ALO with reverse split
I don't know about you guys... but I'm ready for a take off.
At this point... somehow I wouldn't doubt $7-8 one the new project takes off.
This is not necessarily a technical analysis... but more fundamental on how people will react.
Sentiment could favor a lower bottom side, and then sentiment could favor a higher side. What can one investor say to another investor about the reactions of reverse splits in the aftermath?
The sentiment of gold will play a role as always. In return, I can say that we all know gold can bounce.
My very light opinion.
A lot of positive news in the wire. Seeking Alpha has a very good article.
TGD is undervalued and they just increased guidance by 20%.
ALO or whatever it will be, is going to $6-7.
Also, I don't think a June rate hike is in the cards. Lots of negative data, I'll be surprised but the FED is its own monster.
Confirmed... they executed the 1:10 split. At least the Split symbol is now showing up on the graph.
I'd be prepared for a dip coming up... not for certain. Maybe TGD will act different.
The graphs as of today are a little odd... price was up at 4.70... BUT the high and low was still down at 0.47 / 0.46 respectively. I think they enacted the reverse split.
Kind of sucks... kept my shares long for now. Still surging ahead despite the 1/10.
We will see if the price acts like a /10 (as if the r/s didn't happen) stock... or if it levels out.
May 12th is the shareholder meeting. The company expects the name to change and also expects a 10 for 1 reverse split. The Company expects to begin trading on both the TSX and the NYSE MKT under the ticker ALO on Tuesday, May 16, 2017.
So that is the plan in a nut shell. It might open at $4.70 after the 10 for 1 reverse split if approved.
ALO @ $4.70, NYSE
Note: This is my opinion. Not written in stone. Do your own due diligence.
Definitely happy for the progress since the beginning of this week. There is a lot of good sentiment around TGD.
I'm going to contact the company as well... proxy materials are a no show. No digital proxy either.
The market seems to like TGD as it was the only cheaper Gold stock that was up on the list that I follow, except for GSS.
No, I voted for the reverse split.
I think the NYSE is good move for the company and future financing.
Never received it.
Did you vote against R/S? :)
Proxy Vote from Ameritrade and Etrade.
Still haven't seen the materials... assuming you mean proxy vote. I haven't seen it sent digitally either like other companies do. So nothing on both fronts.
Have you received it?
Haven't seen it yet... Keeping an eye out
They already sent out the voting materials for the May 12th annual meeting. It included the reverse split, name change, etc. The documents were sent on 4/21/2017.
Did you all read the new 6-k?
Shares are down more today... but no mention of R/S yet. IT wasn't even listed in this last 6-k.
https://www.sec.gov/Archives/edgar/data/1502154/000106299317002042/exhibit99-1.htm
I think it would be a wise move to cancel the R/S... organically grow with the new mine... let the price come up. They probably could get upwards $1.50-1.70 without doing anything other than news on their new mine.
If the gold market pans out ... no pun intended... It will organically grow from there. Buy back shares.
Do the right business practices and manage it well. Layer the task of "seeking more opportunities to invest in."
That's my vote at least...
On the NYSE you deal with dollar flippers and not penny flippers, I like it better.
Long TGD
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Overview
Timmins Gold Corp is well positioned for continuous growth as a gold production and development company. The Company owns and operates the open pit heap leach San Francisco Gold Mine in Sonora State, Mexico.
Timmins Gold’s experienced management team has delivered increased mine life and expanded production year over year since commercial production began in 2010.
On the exploration front, Timmins Gold has over 200,000 hectares of claims contiguous to the Mine along the highly prolific Northern Sonora Gold District. Past exploration success around the Mine has significantly increased gold resources and reserves.
Timmins Gold has delivered increased revenues, profits and earnings while maintaining low all-in cash costs.
The combination of production, free cash flow generation and exploration success positions Timmins Gold to deliver increased shareholder value. Timmins Gold trades on the TSX under the symbol TMM and the NYSE-MKT under the symbol TGD.
700 West Pender Street, Suite 615
Vancouver, British Columbia
(604) 682-4002
(Address and telephone number of Registrant’s principal executive offices)
CT Corporation System
111 Eighth Avenue, 13th Floor
New York, New York 10011
(212) 894-8700
355,628,602 Common Shares as of Feb. 2017
http://www.timminsgold.com/investors/share_structure/
8 Analysts cover TGD
http://www.timminsgold.com/investors/analyst_coverage/
FISCAL 2016 HIGHLIGHTS
- Stable balance sheet with $33.9 million in cash and working capital of $37.8 million.
- Metal revenues of $123.9 million from 100,480 ounces of gold sold at $1,234/oz.
- Cash provided by operating activities of $34.1 million after changes in non-cash working capital.
- Earnings and comprehensive income of $31.7 million ($0.10/share).
- Cash costs1 of $734/oz and All-in Sustaining Costs1 of $853/oz.
Financial performance
- Metal revenues were $123.9 million compared to $109.2 million during fiscal 2015. This represents a 13.4% increase from the prior year. The primary factor for the increase was an increase in gold ounces sold of 100,480 compared to 93,196 ounces during fiscal 2015. The average realized gold price increased to $1,234 per ounce compared to $1,172 during fiscal 2015.
- Earnings from operations were $37.4 million compared to a loss of $241.8 million during fiscal 2015. The difference was primarily due to an impairment reversal of $23.7 million during fiscal 2016 compared to an impairment charge of $228.4 million -during 2015. Additionally, earnings from mine operations were $34.9 million compared to a loss of $2.9 million during fiscal 2015.
- Earnings and comprehensive income were $31.7 million or $0.10 per share compared to loss and comprehensive loss of $190.3 million or $0.77 per share during fiscal 2015.
- Cash provided by operating activities was $34.1 million or $0.11 per share1 compared to $13.3 million or $0.05 per share during fiscal 2015.
- Cash and cash equivalents at December 31, 2016 were $33.9 million, an increase of $24.7 million from the prior year end. During the year, the Company generated $34.1 million from operations, received $9.2 million in receipts from the sale of the -Caballo Blanco Property ("Caballo Blanco") and received $13.8 million in proceeds from an equity financing. The Company invested $3.8 million on expansion programs, $2.0 million on exploration and evaluation projects, and $13.2 million on the Ana Paula gold project ("Ana Paula" or "the Project"). Also, the Company received $16.0 million of its VAT receivable in cash. Subsequent to December 31, 2016, the Company received $3.5 million of the $4.9 million VAT receivable.
- Working capital at December 31, 2016 was $37.8 million, an improvement of $51.5 million from December 31, 2015. This increase is a result of cash provided by operating activities of $34.1 million compared to $13.3 million during fiscal 2015. - During the year ended December 31, 2016, the Company sold the Caballo Blanco Property and completed a bought deal financing increasing cash by $9.2 million and $13.8 million, respectively. Repayment of the $10.2 million loan facility and $1.5 million debenture leaves the Company debt free.
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