TMAC Resources Inc. T.TMR

Metals & Mining Industrial Metals & Minerals

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

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TMAC Resources Inc. > My guess is that it is Blackrock who is dumping

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Comment by Wineauxon Nov 20, 2019 2:21pm

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Post# 30374945

RE:My guess is that it is Blackrock who is dumping

Hi Sherm,

I found this report on MorningStar which shows which funds and institutions are buying and selling TMR. I'm not sure exactly how to read it, but I believe it represents the net change in shares in the previous month. It's currently showing up until Oct 31st. According to this report, BlackRock is not dumping - why would they? I think this is a chance for them to average down like everyone else.

In October the bulk of the selling came from Sentry and Schroder. The top 20 funds holding TMR they were net sellers in October, selling 365,000 shares than they purchased. Of those same top 20 funds, 8 were net buyers in October.

https://www.morningstar.ca/ca/report/stocks/ownership.aspx?t=0P00016CLT

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