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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. > Was Today a Price Correction
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Post by LowtoHigh on Aug 21, 2020 4:11pm

Was Today a Price Correction

New to this site, so hello to all. Wanted to know if any of you passionate investors in TMR are concerned about today's decline. I took a medium position yesterday hoping to benefit from the eventual sale to SD...I hope. What are your thoughts?
Comment by schocor on Aug 21, 2020 4:21pm
This stock looks sick. The fundamentals looks decent. Most of my watched gold stocks were down the last two days - but not by nearly as much as TMAC. Relatively high volume today with a noticeable sell off (volume taking any price) towards the end of the day. Never signs you like to see the day after buying a stock I know. There is a lot of gold at Doris. Gold is hot right now. There is a buyout ...more  
Comment by LowtoHigh on Aug 21, 2020 4:33pm
Thanks Schcor, interesting insight. At least you believe there will be some buyer to come out of this. I really hope that is the case. If any new competing buyer is at least within range of the $1.75 bid from SD that would be great. Do you have insight on what the value would be with zero buyers if all falls through? Can the stock climb back on its own with no buyers above the $1.50 mark?
Comment by schocor on Aug 21, 2020 4:54pm
What will happen to this stock with no buyers is your question; its tough to some up with much of an answer. On the one hand; its a rich gold mine in a good environment for gold. Clearly this is of interest to gold bugs; and there are more of them by the day it seems. A price north of $1.75 might make sense (this was 10X higher less than 5 years ago) On the other hand; I don't think this is a ...more  
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