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7/26/17

TMAC Resources (TMR.to): The IKN First Law of Mining News Releases strikes again

On July 14th, we wondered out loud in this post just why TMAC Resources (TMR.to) had dropped just a modest 6% or so on the back of obviously bad news from its operation (aka Monty Python's Flying Metallurgy) and invoked the First Law of Mining NRs as evidence:
 "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."

And since then?

 
And GDX is up 5% since July 14th, too.

Moral: Don't mess with the fundamental laws of nature.