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TMAC Resources Inc. T.TMR

TMAC Resources Inc is an industrial metals and materials company. The business acquires, explores, and evaluates mineral properties. Its lone business segment is Mining; this segment is engaged in the exploration and development of precious metal resources, primarily gold. The company generates the vast majority of its revenue in Canada. TMAC Resources' primary mine is located in Hope Bay, in the Kitikmeot region of the western Nunavut Territory. TMAC mines for gold resources and inferred minera


TSX:TMR - Post by User

Comment by Wineauxon Aug 16, 2019 9:39pm
65 Views
Post# 30038750

RE:RE:A couple of things:

RE:RE:A couple of things:
That makes a lot of sense SnowShoe as Resource Capital Fund VI L.P. (RCF) has to liquidate everything in 2021 as that is when the fund wraps up. It would make total sense for a friendly Newmont to take them out.  
 
Interesting June 2021 is when the Sprott long-term debt will probably be punted to (instead of Dec 2020). The long-term debt is still what I worry most about and how it will be dealt with. My impression is that management believes they will be able to renegotiate the long-term debt from a position of strength at that time. It would be nice if both the RCF exit and the debt could be somehow dealt with at the same time and clean up the balance sheet once and for all. 
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