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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 25, 2020 12:00pm
191 Views
Post# 30731165

Hey Wineaux: Good information on Blackrock et al selling

Hey Wineaux: Good information on Blackrock et al sellingThat said, someone(s) purchased those shares. Was it retail investors? Not sure, is there sufficient retail demand to absorb all of these shares? Strong hands covertly entering? Who knows.....all that we do know is that someone purchased all of the shares puked by Blackrock et al. Did Blackrock conduct themselves in such a manner so as to minimize their losses? Was it done to drive the price to a point where one of their affiliates could pick up the entire for a song and a dance or two? Time will tell. Curious that the folks at TMAC are ignoring 25% of the share base. On another matter, some of the good folks here have provided production projections that will eventually turn into cash flow. Some of these projections, combined with the cash on hand will come close to satisfying the cash needed for the sealift. Keep in mind that cash requirements will likely be $10M lower as equipment for the additional shift were included on the last sealift. Yep, everything looking up but the share price.
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