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. > Reality: the fact that you didn't get a buyout announcement,

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Comment by LithInvestoron Feb 18, 2020 7:41pm

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Post# 30705643

RE:RE:Reality: the fact that you didn't get a buyout announcement,

I can assure you that the plant is already running better now that the resin area refurb project is partly running :)

snowshoedb wrote: Agree that the ask may be too much... nobody likes to by somebody elses problems. I think Terry MacGibbon likely didn't want to sell his baby. Nobody likes giving up their first born.

Once he was sidelined it was easier to get the boards to agree on the strategic review = Put TMAC up for sale.

There is no question its a great property but everyone is gun-shy of the problems. Hence there is no quick sale with a premium. Potential purchasors all smell blood in the water. They will let the company sink further before coming in with a rescue bid.Its unlikely to be a premium to the current price.