Timmins Gold Increased Capital Gold Bid With Sprott Support

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AGORACOM-GT

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Timmins Gold Increased Capital Gold Bid With Sprott Support

posted on Mar 15, 2011 02:34PM

Today's increased offer by Timmins Gold tells me they have very a great deal of confidence in the future of gold. I also liked this:

"Sprott Resource Lending Partnership has agreed to provide Timmins Gold with a C$15.0 million credit line and a C$5 million working capital facility. Availability under the credit line and working capital facility is not contingent on completion of the merger of Timmins Gold and Capital Gold."

The gold bulls are full steam ahead and remain undeterred by any events around the world, including middle east uprising, Euro debt and Japan.

Big vote coming in a couple of days as Capital Gold shareholders vote on Gammon offer. If Gammon ends up being successful, watch Timmins share price take off without the weight of the potential takeover on top of it.