OTCPK:MEAOD - Post by User
Comment by
ramblersreston Oct 30, 2015 12:31pm
96 Views
Post# 24243798
RE:RE:RE:Balance Sheet, they had the cash, did not need it
RE:RE:RE:Balance Sheet, they had the cash, did not need itGeo -- The big claim to fame for MTO is having a mill but mills are a dime a dozen at failed Quebec mines ....The reserves here are not documented making it difficult to finance or sell the company .Notice Sandstorm not mentioned in this PR as they were probably selling stock , and giving up on these little risky companies run by salary pigs ...The 9 million debenture hanging over heads is a big dark clout that can sink her .....OBM likely waiting for a bankruptcy sale to get the mill for less than 4 million ....Hope you are right about 5 bagging though ...I will continue to hold as there is always hope for a pop at least ...