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

TSX:TMR - Post by User

TMAC Resources Inc. > 28% float

<< Previous

Bullboard Posts

Next >>

Comment by MatthewZyon Dec 09, 2019 12:05pm

96 Views

Post# 30436075

RE:RE:28% float

Thanks Snowshoe. Yes, that debt facility is significant. I guess it's the market that's got me thinking WTF - the stock touched 20$ in 2017 and was over 10$ in early 2018. Now it's just shy of a 52-week low. It looks cheap, but it's a question of if they can become free cash flow positive and pay down debt... right now the market is doubting it.

<< Previous

Bullboard Posts

Next >>

FE Battery Metals begins 2024 winter drill program