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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. > BlackRock has sold over 8 million shares the past 11 months
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Post by LithInvestor on Feb 26, 2020 2:18pm

BlackRock has sold over 8 million shares the past 11 months

As a poster on ceo.ca has discovered, the constant selling lately is due to BlackRock liquidating their position. They have only around 7 million shares now at this point and less every day. If I was TMAC I would be contacting the fund manager asap to see if I could intervene somehow. Or maybe BlackRock is ultimately involved in a large sale of this project and wants it cheaper?
Comment by Wineaux on Feb 27, 2020 7:27am
There may be a silver lining to this low stock price. It should increase the average daily volume and facilitate the acceleration of the BlackRock off sell off. As soon as this BlackRock sell off is over the stock should begin to correct itself to a price more reflective of its underlying valuation.    With a price around $2 and BlackRock having around $7M shares remaining we only ...more  
Comment by Frozengoldwaiti on Feb 27, 2020 12:35pm
Coregold had this happen to them drive the stock down and  take the asset  this property will be producing for a long time that tiny mill will not let them ever deplete the reserves that just continue to grow  Bankers know about getting  their friends the cash not mining 
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