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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TMAC Resources Inc. > Benefits of takeover

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Post by effectemergence on Jul 23, 2020 10:21pm

Benefits of takeover

-capital to complete the Hope Bay feasibility study and execute the significant expansion.
-maintain the flow of royalties, fees and taxes to Inuit and Territorial governments.
-provide ongoing and long-term employment opportunities -
-skills training and community development programs at Hope Bay.
-Shangdon stated the will maintain existing contracts and agreements, including relationships with Inuit-owned firms.
-commitment to high standards of environment,

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Comment by goldstocks73 on Jul 24, 2020 1:20am

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Comment by 15Stanmore on Jul 24, 2020 4:36pm

Hello Effectemergence, I agree with your summary of thepositive economic benefits that will accrue within Canada as a consequence of SD Gold taking over TMAC by buying out the existing shareholders at $1.75. If this was a proposal by any other non-Chinese company, it would be a no brainer for the folks at the Investment Review Board. While other commentators have attempted to come up with ...more

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TMAC Resources Inc.