OTCPK:MEAOD - Post by User
Comment by
btrevorbon Apr 07, 2014 1:56am
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Post# 22418880
RE:RE:Sprott Sold 26 Million Metanor Shares
RE:RE:Sprott Sold 26 Million Metanor SharesSad to see one of the largest holders has to finally sell after holding for so long.
But that's the buy and hold losing strategy with these juniors that go over schedule and budget to the tune of 300%+. The repeated dillution pretty much devestated their intial investment and now it is still floundering in the teens because of continued lack of cash generation.
Gold that costs more to extract that it's worth, hard to believe.