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Bullboard - Stock Discussion Forum 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... see more

TSX:TMR - Post Discussion

TMAC Resources Inc. > Well......that was fun, eh?
View:
Post by Shermandrock1 on Aug 14, 2018 1:54pm

Well......that was fun, eh?

Sheesh
Comment by snowshoedb on Aug 14, 2018 2:34pm
Lots of bad press here: a) Reduction in throughput whilst starting up CL2 b) Forecast grade reduction for Q3 due to "mine sequencing"... should be restated as "we are afraid to put our higher grade ore through the mill because we are experiencing low recoveries" c) The plant had several stoppages and that is affecting recoveries & throughput d) The lack of both throughput ...more  
Comment by schocor on Aug 14, 2018 4:02pm
GOod post. I have followed this stock on and off for 2+ years looking for an entry point. Even with this 20% haircut your points on cash flow will keep me on the sidelines for at least another quarter. Thasnk
Comment by Wineaux on Aug 14, 2018 4:44pm
Hi SnowShowDb,  You've got the best posts on this forum and I would welcome your insight.  Don't you think they had to add the "going concern" line as it was possible under the worst case scenario - auditors force you do to that. If you are going to release bad news do it all at once and get it overwith. The worst case scenario means that most of their reasonable ...more  
Comment by pnfker on Aug 14, 2018 4:16pm
hard lesson learned. could take big profit when it ran up to 7+ but too greedy. cut most of the position. only possible upside for now is AEM become the white knight. I kept a small position to remind me the stupid fantasy. good luck guys. I feel Terry's team have serious issue. look at TXG and TMR. 
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