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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 Aug 09, 2019 1:08pm
111 Views
Post# 30011812

Folks......I have to say that

Folks......I have to say that I just could not resist buying more shares while they are on sale. Yep, another misstep. It is clear that the bean counters overestimated cash flows and underestimated cash needs. However, the bottom line is that the longer term prospects remain the same. For discussion purposes, they could have high graded the production but, prudently they did not. The emphasis of Management is 1) to prove up ounces to a prospective buyer and 2) prove that the mining, milling and extraction process is sound and can be relied on to continue into the future. Yep, this is a critical period wherein good ole TMAC will have to demonstrate long-term value. I would imagine that by EOY we have a new owner.
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