Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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

Post by Shermandrock1on Jul 27, 2018 12:59pm
101 Views
Post# 28377941

Hey pnfker: Who is to know what anyone's intentions are

Hey pnfker: Who is to know what anyone's intentions areAs for myself, I would prefer that they did not. If TMAC remains as currently configured ownership wise, I would imagine that the big folks would expect a return on their invested capital. Here's why: 1) TMAC will "eventually" tweak the "machines" to run as fast and recover as much as practical. 2) There is more gold to be discovered in the district size area controlled by TMAC which will generate cash for a long time and, presumably, at ever increasing prices 3) TMAC is not likely going to employ the generated cash for any acquisitions of their own and will have a build-up of excess cash if not returned to shareholders (yep, me). However, that said, you are astute to point out the possibility of a "sale" to the highest bidder. Here's why: 1) Terry is not getting any younger 2) Neal is a "wheeler / dealer" and may have been specifically chosen to position the company for a sale. 3) AEM has other interests in the area. Phew, that is more than my usual $0.02.....I'd better stop. Oh, BTW......over $7.00 as I write.
<< Previous
Bullboard Posts
Next >>