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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 Feb 11, 2020 9:56am
175 Views
Post# 30673220

There was such a rush to prepare TMAC for a sale

There was such a rush to prepare TMAC for a saleso that RBC, Newmont & Blackrock could sell out that they spent money as fast as some governments print it. The result? There is considerable debt that needs to be addressed. The solution: Stop all discretionary exploration, freeze / rightsize non-miner management personnel and then focus on mining/production the existing Doris and Madrid deposits. The profit and cash flow from operations will be sufficient to bring the company back to a position where they can once again resume exploration and expansion. The gold is not going anywhere. In fact may increase in price over time. Why rush to get out at the bottom. Jason Neal was nothing more than a mercenary to prepare the company for sale, sooner rather than later. It did not work. Let's get a miner at the helm and get back to the business of mining.
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