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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

Post by Shermandrock1on Feb 06, 2019 12:57pm
88 Views
Post# 29326982

Another day, crickets from Management.........

Another day, crickets from Management.........I suspect, yep strongly suspect that Management is precluded (either self-imposed or by regulation) from providing an operational update as they are negotiating a buyout, and more likely a takeunder. I cannot help but think of that past article wherein the author reported that recoveries were 91% yet asserted that he did not receive guidance or consult with management. Really? Who comes up with 91%. Yep 91%, not 90% or 92%, but 91%. Silly, eh? In addition, his target: $8.50 (or could be $8.25, not sure, took drugs when I was young......see what happens to your brain on drugs?). So, as you can tell, I too did not receive guidance from Management and for the record, neither did anyone else. Why the news blackout but for the marginal drill results? My guess, Newmont, post combination with Goldcorp, wants to streamline their operations and is selling their stake. The other major shareholder folks likely want to jump aboard. If you recall, the "big 3" recently participated in the latest offering at $4.25. My, my , my the takeunder price of $8.50 would exactly double that price. A coincidence, I'm sure. If you scan the recent prices, a 30% premium applied to the 20 day vwap would just about bring us to the $8.50ish price range. Yep, that is my $0.02 fake news for the day other than of course the rumor that I am starting that recoveries are 141%. Yep, 141%. Can you believe it. They are recovering gold that they didn't even know was in those rocks. Talk about efficiency, eh?
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