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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. > Shangdong is getting a 60% off sale - Block it
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Post by bukobucks on Aug 07, 2020 10:26am

Shangdong is getting a 60% off sale - Block it

This deal should be blocked, these are strategic assets to Canada being in the arctic and essential to these northern communities. This is a $4 stock in the current market and worth a lot more if gold continues its parabolic rise with the grades they pull. Shangdong is trying steal a wonderful Canadian company now that all the heavy lifting and growing pains are over. BLOCK these sharks.

BUKO
Comment by effectemergence on Aug 07, 2020 12:29pm
the location is the issue not the commodity 
Comment by bukobucks on Aug 07, 2020 12:52pm
Fair enough, regardless, we dont need state companies backed by communist regimes gobbling up Canadian assets in the arctic or anywhere in Canada for that matter. This company could easily go to the market in this gold price environment and pay their debt off and get enough float to operate. The heavy lifting is done, they will have several quarters of serious profits going forward. The government ...more  
Comment by effectemergence on Aug 07, 2020 6:24pm
once again it has nothing to do with the gold, it is the location  - it is ball parked at $700m to be where they should be  - the jobs will be secured if they allow the deal to happen  - currently an investment group is saying to block the deal and that they can come up with the $700m  The decision will be based on risk/reward as is 
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