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11/10/16

TIMMEH! Gold (TMM.to) (TGD), the epitome of the bullshit precious metals producer

The collective joke companies like Timmeh! Gold (TMM.to) (TGD), Great Panther Silver (GPR.to) (GPL) and any other producing miner that claims to be profitable but has selling shares to a gullible world as a central part of its business model.

Be clear: IF YOU ARE A PRODUCER OF PRECIOUS METALS AND CANNOT PRODUCE THEM AT A PROFIT, YOU SHOULD NOT BE ALLOWED TO CALL YOURSELF A PRODUCER. Also be clear that if you're reading this post (on your phone) while in a Canuck boiler room trying to flog this piece of crap paper to your unsuspecting list of gullible clients right now, you should hang your head in shame. You are not the cure, you're the problem.

Here's TIMMEH! today:

Timmins Gold Corp. ("Timmins Gold") (TSX:TMM)(NYSE MKT:TGD) is pleased to announce that it has entered into an agreement with a syndicate of underwriters, led by National Bank Financial Inc. and RBC Capital Markets (the "Underwriters") pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 36,400,000 units of the Company (the "Units") at a price of C$0.55 per Unit for gross proceeds to the Company of approximately C$20 million (the "Offering").
Each Unit will consist of one common share of Timmins Gold (each, a "Common Share") and one half of one common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder to acquire one common share of Timmins Gold at a price of C$0.70 at any time prior to the date which is 18 months following completion of the Offering. continues here

I feel like I'm taking crazy pills. And here's the best-of reel: