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Bullboard - Stock Discussion Forum TMAC Resources Inc. T.TMR

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

TSX:TMR - Post Discussion

TMAC Resources Inc. > Folks, the trading & share price action are indicative
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Post by Shermandrock1 on Jan 15, 2020 10:29am

Folks, the trading & share price action are indicative

of information being known by some but not all. Would each of you kindly send an email to IR requesting that the Company level the playing field by releasing some type of results; good, bad or indifferent. Thanks
Comment by Tad on Jan 15, 2020 11:21am
I added another 5000 shares this morning at $2.82 and $2.83 . Now have a full position of 20,000 shares averaging just over $2.90 Let's see where this is in 6 months time. As I said earlier, I like the risk / reward on this company at current distressed share prices. I doubt Newmont,  RCF, or the insiders are selling ... which accounts for roughly 2/3's of the 114 million ...more  
Comment by miscstuff on Jan 15, 2020 12:02pm
Good luck with that. The 5 day/minute chart looks better, but the 3 month/daily looks worse than when I posted on Jan 9. (post below) RSI now @ 25% 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 ...more  
Comment by Tad on Jan 17, 2020 1:44pm
Not disagreeing with you miscsuff, but if you simply go off of charts and technical analysis, sometimes you miss the start of reversals based on a fundamental change.  And ..... WIlliams%R has been in a very oversold condition for a couple weeks, usually indicates a bottoming, not always ....  and yes disappointing news next week could see a resumption of  share price decline. I ...more  
Comment by miscstuff on Jan 21, 2020 9:49am
I guess it's different points of view that make a market. I bought TMR around $5.30 and then at about $4.00. I stopped out both times with no loss, but only pennies gain. I guess I just don't like low volume stocks anymore- they are just too easy to manipulate. When buying all stocks now, I try to buy on a daily uptrend and minute uptrend as well. I then put in a stop as soon as possible ...more  
Comment by Tad on Jan 22, 2020 9:24am
miscstuff, No offence taken with your comments, took it as "good luck" with the best intentions. Charting is very useful, but fundamental changes can usually turn a chart quickly, one way or the other. Took almost everything off the table with TMAC on Monday morning, decent enough volume to get out with a very minimal loss. Going to keep a close eye on TMAC, the resources and grades ...more  
Comment by miscstuff on Jan 22, 2020 12:00pm
If I had bought at 2.82 last Wed to bring my average down to 2.92, I would have probably stopped out @ 2.94 about 10:00 the next morning. Then I would have spend 2 hours (and then 2 days) keeping my eye on the action and thinking that I had left $200 on the table. About now, I'd be glad that I had put in a stop. lol. Good luck.
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