Metanor Resources MEAOD

RE:RE:RE:RE:Well, well, well, drilling on Barry...

[mstettler]

mstettler wrote:

harleyonvacatio wrote: Hey there PM..........MTO has turned the corner and you will all see this transformation take hold and run very soon......bash bash bash .... the more you bash the more I buy .......... gee a 40 M market Cap.....even using grade school mathematics tells everyone it will not be languishing around 0.09 very much longer.......should be past 0.12 by first week of October never to see 0.09 again.......so bash bash bash'er all you want cause we have cheerfully been loading up ...... to the rest load up as fast as you can cause this puppy is going into puberty, then the tweens, off to middle age and then comes the benefits into early retirement .... as per Ijump and mycash .... GLTA

The same assclown that uses jumpem and mycash as aliases along with at least 3 others.  Whenever he makes reference to 'we' in his posts he's really referring to his multiple personality disorder.

The stupid are cocksure while the intelligent are full of doubt - Bertrand Russel



None of this news comes as a surprise.  Fruitvale and I have been advising caution forever.  Given management's track record I will be surprised if they meet their production guidance.  I'm also very interesed in the updated resource estimate for bachelor due the end of this year.

Select highlights:

Metanor plans to produce between 28,000 and 33,000 ounces of gold during the coming year coming entirely from the Bachelor mine.

Net loss and comprehensive loss of $2,525,011 for the year ended June 30, 2016

All-In cost of $1,608 per ounce sold in Q4 (US$1,248/oz at an exchange rate of US$0.78/CA$1.00).

Impairment of property, plant and equipment of $ 3,050,000 on the Bachelor assets as at June 30, 2016.

Reversal of impairment of $11,127,169 as at June 30, 2016