Bullboard - Stock Discussion Forum 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... see more

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TSX:TMR - Post Discussion

TMAC Resources Inc. > An interesting day today.....up $0.42

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Post by Shermandrock1 on Jan 28, 2019 3:44pm

An interesting day today.....up $0.42

To what does anyone think this may be related to? Delayed reaction to drilling? Undisclosed and leaking information related to recoveries? production? assays? I suppose anyone's guess at this stage.

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Comment by asforecasts on Jan 29, 2019 6:24pm

This company routinely leaks a week ahead of news. Insiders know they can break the law and get away with it and the company apparently is helpless to prevent it. I am in this company long-term and trade other companies where the playing field is more level.

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Comment by snowshoedb on Jan 30, 2019 11:31am

I suspect the price rise is more due to gold is up and a rising tide lifts all boats

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Comment by asforecasts on Jan 30, 2019 12:15pm

Don't get me wrong. I am long this stock and enjoy making money. However, the week prior to a bad news release by TMR saw a 30% decline in the stock. The release was at the close 8/13/18. Basically it read: a) Reduction in throughput whilst starting up CL2 b) Forecast grade reduction for Q3 due to "mine sequencing"... should be restated as "we are afraid to put our higher grade ...more

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Comment by dorebull on Jan 30, 2019 12:31pm

I agree. The stock behaves unpredictably. If you track TMR along with other indicators such as gold ETF, Barrick, Newmont etc the price fluctuations make no sense. Especially when you consider the NR dates and content of said releases.Suspect leaks everywhere, insider trading etc?? Who is making the money here?

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Comment by asforecasts on Jan 30, 2019 1:01pm

We won't know unless an investigation opens up. Until then, I will hold until mid-March and buy back in mid-November, per my precious metals forecast. Suspect that management's families have an additional flow of income on a sporadic basis. Many ways to avoid reporting...

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