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. > One straw too many

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Post by templetooth2 on Nov 01, 2019 9:51am

One straw too many

Auction process starts today.

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Comment by riverrrow on Nov 01, 2019 9:58am

Honestly, I don't understand the market reaction at all today. Would you please elaborate. Thank you in advance. GLTA.

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Comment by templetooth2 on Nov 01, 2019 12:06pm

Sorry, river, it's been a busy morning. I wasn't able to dial in to the conference call (the dog needed her walk) but look forward to the transcript/replay. Nonetheless, my immediate reaction is as follows: 1. Read note 1 to financial statements. It talks about, "The recoverability of the investment in Hope Bay is dependent upon the successful exploitation of economically recoverable ...more

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Comment by riverrrow on Nov 01, 2019 12:37pm

Thank you templetooth for your input. Unfortunately I often don't do good enough diligence. So much so that I bought a bunch more this morning. Hopefully TMR does better than my PUL which is down 75%. GLTA.

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TMAC Resources Inc.