TMAC Resources Inc. T.TMR

TMAC = Titanic?

[snowshoedb]

The market sentiment on this stock is not positive at all. IR has mishandled this file and management should be communicating much better. They should have announced ounces produced and recovery rates. People are abandonning ship and management is doing nothing with respect to information on production and  recoveries.

This is creating a great buying opportunity for those who can stomach the risk. I can't because I see a future default on the debt if they can't resolve the recovery issue. Raising additional equity at this price would be just plain sad. I think they might have a tough time doing an equity raise without any positive news with repect to production and recoveries.

We can all smell the blood in the water. Short sellers are going to have a field day with this stock if recoveries are bad again this quarter. There should be no excuses for Q4 because all the equipment was effectively installed.

Heads will continue to roll.

[PulpCutter]

Strongly-agree about requirement for much-better, aka NORMAL, communication.  Last we heard was over two months ago (Nov 1), and that conf call included the news that there was a mining halt in one area, due to the need to stabilize the roof.  That was supposed to take jusf a few weeks.  Out of both concern for team safety, and finances, why the heck haven't we at least got an

[Wineaux]

This has been posted previously but worth repeating the following from TMAC's IR back in November. Hopefully we'll get an update next Wednesday (Jan 15th) or Thursday.  We have evaluated continuous reporting, but we have decided to stick with reporting our operating results shortly after the quarter ends with our financials to follow 2 weeks after the operations. Jason indicated on

[riverrrow]

It could still just be Blackrock unloading their remaining shares. Also, normally this is a low trading stock so this volume could suggest manipulators at work. Unfortunately even I have not been tempted to buy more shares , yet. GLTA.

[Toweringmars]

This is oversold to the max. The debt they do have is relatively low, yes it matures in December this year, but you dont think they're going to have Sprott change that? YES they have problems with getting their recoveries up, but they're actively working on that. Heck, stupid plays like Walbridge are trading at higher valuations and they arent even mining, have a smaller resource, and no

[MatthewZy]

Agree, looks very oversold which is why I took a small position.  The debt overhang is why I wouldn't commit more. At $3 it appears cheap - I can't believe how expensive this was in 2016-2017 @ $15-20. I would expect other miners would be kicking the tires, maybe someone like Kirkland Lake, who's management seem to be able to optimize operations. Thoughts?   

[snowshoedb]

Nobody will buy a pig in a poke. They need to solve the recovery issues or this stock is going to die. People don't buy a mine that can't demonstrate the planned recovry of 90%. The bad recovery and fflawed design plan for the mill/recovery circuit is why the guy before Jason lost his job. The subsequent two years of CAPEX investment and still not hitting design plan of 90% is why

[MatthewZy]

Thanks. I just googled "pig in a poke", learn something every day. I suspect if another party believes they can solve recoveries they'd be a buyer.  But yeah, debt is a ticking clock and I agree with the rest.  There are other issues aside from recoveries, (ie. sufficient working faces etc), but it just seems as if the mine might not be run by the most competent operators

[snowshoedb]

agreed... change in personel was req'd

[miscstuff]

Unfortunately, not oversold to the max. Actually scooting along @ RSI 33% just above the oversold line. MACD indicates another drop down, and it's already below the $3.57 low of  last April and the previous $4.06 low of Sept 2018. Not a basher - just the facts. Hard to find anything that looks promising.