Post by
Shermandrock1 on Feb 25, 2019 10:57am
Another voice wandering in the wilderness folks:
It appears that the promised improvements have shifted to forward quarters.....again. Additional patience will be required. IMO, the prospects are still bright. There is too much brain-power and focus on the matters at hand to not succeed. The "value" of TMAC that will eventually be realized is 1) the location - stable 2) mineralization - it is unknown exactly how much gold that there may be in the ground under their control 3) Newmont is under siege from Barrick. Historically, in cases of unwanted overtures, a company will bulk up making themselves too big to buy. Heck, a 1/2 Billion here, a 1/2 Billion there and pretty soon you are talking real money. Soooo.....buyout by Newmont......odds are very low but we are already in uncharted territory. 4) The capital raise requires TMAC to drill their butts off in 2019. A new deposit or two would be a welcome addition. 5) Jason is not a miner and was likely brought in to "spiff" up the company for sale. Look at his background. Just my $0.02 for today.
Comment by
snowshoedb on Feb 25, 2019 1:12pm
The company has 1 asset, 1 mine, 1 property... There is nothing really to slit up unless they start optioning off portions of the regional land holdings. I cant see that the significant shareholders would be in favour of doing that. The company has bright prospects if they could just solve this pesky/persistent recovery issue.