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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 Wineauxon Mar 06, 2020 11:19am
296 Views
Post# 30775505

OUCH. I owe TMAC bears an apology. You were right.

OUCH. I owe TMAC bears an apology. You were right.
I sincerely believed that they would have turned things around this quarter. Since we've had all the fixes in the plant in place there have been power failures, significant unplanned downtime and now... flooding. Is this mine cursed? I guess the hope is that they are learning something from all of these problems. Are these problems truly unique to TMAC's plant or is there a lack of experience somewhere. 
It appears that March will be better than Jan & Feb and they will probably have a better 1Q20 then 4Q19. 
Will they generate enough cash for the sea-lift or will they have to finance it somehow? 
This sucks. I've made my bets and now I've got to live with them. Good luck to all longs. 
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