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7/14/17

TMAC Resources (TMR.to) and the First Law of Mining NRs

I was kind of surprised to see TMAC Resources (TMR.to) down just 6% on low-ish volume today on the back on this NR, the issue looks pretty serious especially if we take IKN's First Law Of News Releases* into consideration. Then again, this is an extremely supported stock and story in the sell side community and...


...the firms have a vested interested in not seeing the stock break down. The 2q17 regulatory filings will be interesting, though.

*which is this:
"The IKN First Law of Mining News Releases: Considering that anything contained in a mining news release is presented in the best possible way for the company in question, any piece of information contained in a NR that comes across in any way negative means the real news and/or events behind it must be very, very bad indeed."