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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. > ASK is minuscule
View:
Post by Silverichman on Apr 08, 2020 3:05pm

ASK is minuscule

Next ask is: 500 shares at 0.54 $ (CAD)

I think we are seeing a nice reversal quite soon. Even with having averaged down quite a bit, my average-position is now at 1.65$ (CAD). I guess that we could easily see 2.5$ in case of a JV (or takeover) - within a very short time frame. Would not be the first stock I own that gets a takeover with a huge premium. TAHOE was my last one, and some others before. I smell a huge opportunity here, and I am not talking about 1$ or something like that, I am talking about 2.5$ very soon. There is some serious money pouring into miners right now, as physical metals are scarce all over the world. Producers with huge reserves - even if remote, are worth their fair bucks. And here we are getting ounces for cents on the dollar so to say. This, at current valuations, might be the best deal in the 50-100 million market cap range all over the sector. Mark my words.
Comment by NEWBIEVESTOR on Apr 08, 2020 11:17pm
I haven’t seen any other gold producing stock that hasn’t bounced 40%+ off it’s bottom, some are even 100% like KL . This one is just late to the party and will rise to 0.65-0.70 range near term. Only 8-10 weeks mill feed is concerning. The big gains to $1, $2 will come from either 1) resumption to normal production 2) deal made 3) gold price makes large gains past $1800 Any of these can happen ...more  
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