RE:RE:RE:RE:RE:RE:mtoPdcon wrote: fruit is all talk along with most neg bashers on this board talk is cheap . there could be fifty buyers out there who would do a share swap with mto as they are not limited to osisko alone . management would not sell at 12 cents like some here suggest so give your head a shake , sprott alone would not agree to this . Barry with a 13k stretch of unexplored property is highly in demand and golds recent drop in price gives mto more reason to get Barry up and running . Bought 50,000 more shares friday and will buy more. Goldcorp got involved with timmins with the anna paula property , and they are always looking for gold especially in their back yard . The shock of trump victory is over now and gold should start to rebound soon . Have patience here and load up jmo. Like i said talk is cheap here when one is not invested and there are many posters here in that category .
Pdcon, yes your right there could be 50 buyers who would do a share swap with MTO. Then again maybe their isn't. Right now there isn't and if MTO doesn't payup to extend those land leases on 90-95% of the Barry Land package you can bet all your shares that land mass will go to someone else real cheap without having to purchase an expansive to run mill, 9 million in convertable debt. 440,000,000 shares. Not to mention when the flow through share finding runs out on January 1, 2017 the drilling will come to an end because they won't be able to fund more thru operations. Unless some more flow thru shares are purchased.
Yes, Goldcorp got involved in Timmins, and Osisko has gotten involved many miners. SSL is also invested in mining companies. Thats a great point!! There is investment everywhere in the industry by hundreds of companies. The reality of the situation is Sprott is the only person (not mining company) that is invested in this company. I would feel a lot better if a Goldcorp or Osisko were invested in MTO. But they aren't.
As for the price of gold, it's tough to say what's going to happen. The issue is MTO cannot afford for gold to stay at it's current level or go lower for a prolonged period of time because of it's financial situation and high cost to mine from current operations. At this time, I don't care what it cost to mine Barry, they aren't mining it.
As I said before, I'm not even contemplating buying shares here until I see the some progress on some of the Barry issues that have recently popped up. Mainly the renewing of mining permits that expired 6 months ago and what the plan is going forward for the land Barry land leases that expire in 2018. We have heard nothing on either. If your betting on MTO because of the Barry property then those two issues should be a major concern. Yet none of you Bulls want to address the issue. Everytime it's brought up, you change the subject too I shouldn't be here because I'm not a shareholder.