OTCPK:MEAOD - Post by User
Comment by
LbinLoLon Sep 09, 2015 4:41am
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Post# 24088077
RE:RE:RE:RE:RE:something has to give
RE:RE:RE:RE:RE:something has to giveA bright futur ? Yeah right! Cant you all smell it ? Before last PP the book value was 0,56$ per share.. after PP 0.15$ and they are proud to say it, that mto is undervalued with book value of 0.15$, wow! I cant wait to see the massive disapointment when financial report comes out. Let me tell you what to expect next. Another PP round, for drilling and mill expansion, and this is bad news for shareholders. The next book value wont be 0.15$ it'll be more like 0.04$. Making a bet on MTO is very risky. Gold is around 1500$CAN and they barely have their head above water. Never forget the administration make good annual salaries, the decisions they make is not for share apreciation ( they dont have much shares too) its more to keep their jobs as long as possible ( ron made way more money working for mto than his depricating shares, which now account for a fraction of his salary).