TMAC Resources Inc. T.TMR

The offering of $90M is a good development

[Shermandrock1]

$57 will be used to pay down debt. Swap equity for debt any day of the week. Will make for a better looking balance sheet. 

Will save millions in interest.

Another $15 for exploration.

large shareholders and management taking up 75% of offering.

yep, dilution. However, there are more ounces to be found. The sooner, the better.

Just my $0.00002. Sherm

[snowshoedb]

I'm very happy to see the key sharehlders step in and solve the looming bullet payment issue. I'm glad to see that managment is kicking in 5% of the offerring. I didn't realize previously just how tightly held this company was. The release indicates that 75% of all stock is in "Strong Hands" (institutional investors). That is great news for taking the company higher and if a

[Wineaux]

I believe nameplate plant capacity is 2,000 tpd (1,000 per line) so they were at 78% of capacity and we're assumng most downtime for new equipment and tweaking.  The financing was much, much larger than some analyst's predictions so I'm assuming the conversation was that they wanted to go big and make sure they wouldn't have to go back again.  My concern in all of this

[riverrow]

Actually, one way to think about it is that the three largest shareholders just paid a lot of money to maintain their share of ownership of the company/assets. In other words, they own today what they owned a week ago it just cost them a lot more money. GLTA.