OTCPK:MEAOD - Post by User
Post by
CanWllSttJron Apr 19, 2015 2:34pm
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Post# 23644638
Gold left
Gold leftMTO are at level 8 of bachelor on 13 (for now). They did around 3 levels per year. So there is 1 year and a half left to mine. They barely make profits out the gold mined, so they are against the wall. They must prove more resources to maintain the illusion that they will be able to service debts. But this search for survival is eating the small capital the company have, and no capital is left for futur development. They get fair results with the drilling campain but at the end no capital will be left to be able to make plans to get it. So theyll be forced to issue more shares in private placements. Time is running out. Soon even if gold skyrocket MTO will not make enough profits with the gold left to mine to auto finance futur developments or expand bachelor. And gold doesnt seems like its going to move up soon. The economy is in bad shape and people will seek safe heaven only when it collapse, not before. Those who search safe heaven before the storm do not get rewarded or rarely do, not with MTO thats for sure and the storm did not start. So this can just get worst before it becomes better. Dont try to catch a falling safe, let it blow on the floor and pick up the pieces. I highly doubt MTO will be a piece to pick up on the floor....