OTCPK:MEAOD - Post by User
Comment by
fruitvale3067on Sep 14, 2016 7:28pm
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Post# 25238197
RE:RE:RE:Has Everyone Lost Interest?
RE:RE:RE:Has Everyone Lost Interest?Tsoprano, yes that was just a little scarcasm.
It's funny how some here try to place blame for Metanors problems on everyone or everything except who they should place the blame on. Management!!!! In the end they are responsible for the performance of the company. Today MTO traded 30,000 shares on the Canadian market and 0 shares on the American market. That comes to a grand total of $2700.
As I said before the quarterly report is going to look decent, but the yearly portion will not. The problem with the quarterly report will be the wasted cost for drilling on Moroy. This company finally hits the higher grades at Hewfran right as the price of gold is on the rise and then they blow part of the profits on 4-6 months of drilling on Moroy. This company is not is a good position financially to begin with and they really can't afford to be missing anything at this point.
I've also noticed the number of promo pieces has decreased lately. Yea, we had one recently but it seemed like it was a weekly thing there for a month or two. Unfortunately, It looks like the market wasn't buying it based on the stock price. It makes you wonder if Sprott was paying for the promo pieces so he could exit gracefully.