In a business where failure is the norm (I’ve had numerous clients fail despite their best intentions), Timmins Gold (TMM-TSX-V) is proving to be the exception to the rule. Yesterday they announced good production numbers and all evidence continues to suggest them reaching their production goals.

The share price has been locked in a trading range of about $1.20 to $1.50. This tremendous base has been built IMHO in part from a different type of shareholder becoming significant holders. I think much of this accumulation is done and barring no hiccup on the gold price side of things and some unforeseen corporate development, the share price appears to be set to break out to a higher valuation.

My biggest fear remains TMM becomes a takeover target before it can reach it’s fullest valuation.

This entry was posted on July 30, 2010 at 10:59 AM. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

Posted in A Grandich Company All Posts Canadian Stocks Exploration Shares Gold Mining Shares Precious Metals Silver Timmins Gold US Stocks by Peter Grandich