Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 templetooth2on Jan 20, 2020 11:32am
188 Views
Post# 30573446

Buyer will speak Strine

Buyer will speak Strine
I have previously pontificated that Newmont is a seller, not a buyer: their plate is full, overflowing full, sorting through the Goldcorp shtuff. Proof of this came when Newmont happily unloaded their position in Continental to the Chinese. Hope Bay is a very feeble candle when held against Continental's Buratica project.

IMHO people overestimate the ability of this or that company to handle more than one integration/acquisition  at any particular time. Thus, forget Kirkland. As well, most companies avoid buying "problem assets". Witness Detour. Some years ago Detour got steered into the ditch when Gerald Panneton or Peloton or whatever that SOB was called. You coulda bot all you wanted at $6 or less, but with problems attached. Most companies would far rather wait for problems to be solved or mostly solved: it is far more palatable to pay $26 rather than $6.

About the only Cdn company that I can think might be interested is Agnico. However, they might be concerned about over-concentration in Canada, plus there could well be a not-discovered-here thought process at play.

By the process of elimination you arrive at the Ozzies. They have the dry powder and a demonstrated interest in Canadian assets, challenged or not.
<< Previous
Bullboard Posts
Next >>