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. > TMAC

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Post by TwelveBagger on Jan 05, 2021 10:35am

TMAC

Congrats to all who DCA'd and held on.

Lots of bids at 2.18....are people trying to get the 2cents/share or is there a bigger offer expected?

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Comment by Sharegar777 on Jan 05, 2021 1:32pm

I am guessing that if the market is allowing you $2.19 to sell and take the cash instantly (It was early trading), then the market is also anticipating further bidding as a realistic possability. Why else would they take your shares for almost no profit. So my question is: Apart from SD Gold who could come back with a bigger offer. Who are the other likely suspects. After ...more

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Comment by 15Stanmore on Jan 05, 2021 3:02pm

As far as I have been able to ascertain, any Chinese controlled company (including SD Gold) would be prohibited from bidding for TMAC based on the recent security review decision. In addition, another bidder other than Agnico Eagle will need to recognize a modest bid (say $2.30 or $2.50) will simply be matched by AE, who will get the deal done at any reasonable price. If a bidder wants to ...more

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TMAC Resources Inc.