OTCPK:MEAOD - Post by User
Post by
btrevorbon Oct 10, 2014 11:52am
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Post# 23018742
Very impressive
Very impressiveMetanor maintains its projections for the current fiscal year at 50,000 ounces of gold....and will make rabbits appear out of hats.
Production and grade lower again this quarter, that's ramping up?
633 t/day is 25% below target (which is the conservative 850t/d not the announced 1200t/d)
6.53g/t is 11% below target
Sandstorm takes 20% off the top
Metanor will acheive it's targets by further reducing production and lowering grade while simulatenously announcing the discovery of very rich veins and the opening of new stopes?
The lower grades do not support "high grade veins"
The lower production numbers do not support "new stopes being developed"
November 10 is their day in court, I am sure that will also turn out exactly as they have announced, just like the results continually do.
You don't need to wait for financials, the TSX disintegration and continued failing to reach target ensures that this stock is finished. Don't wait for tax loss selling season unless you want to get clipped another 40% on this pig.