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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 Apr 25, 2019 4:35pm
70 Views
Post# 29671565

I have often heard that one should buy low and sell high

I have often heard that one should buy low and sell highThat said, I bought more today. The good folks here need to be aware that "they" have a direct link to my account and, more often than not, immediately move the price in the opposite direction of that I would find desirable. Just saying. The reason for my purchase, in addition to the "lowness", was that I prepared a high level projection for Q1 showing a $5.2M CAD profit. The one big unknown is the production costs. Production costs have been trending downward during 2018 and, for Q4, were 58% of revenue. There was considerable discussion during the year regarding mining methodology and, it was reported that they were moving in the right direction. That said, in my optimistic and simplistic manner, I set production costs at 55% hoping that it will be high. Sherm. Hoping to regain my $0.02
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