Metanor Resources MEAOD

RE:RE:RE:RE:RE:Bend over again MTO investors.

[fruitvale3067]

Heystupid wrote: ..fruit and what did they do with the money raised? .... a mill, extensive claims expansion ... drilling, exploration and all the things that every company goes through. So add up how much was raised and let me/us know.  We have infrastructure  assests of 200 million from all the PP's and gold in the ground. So also factor in this: TIMING IS EVERYTHING !!  .... then for those readers who understand, the future has much more upside than down. The money raised today is not for fat lunches and titty bars ... it is for drilling the monster ...

Yes, stupid, excellent question, what did they do with the money raised? because it sure isn't increase shareholder value. Which is why we invest in companies. I don't know how much money it added up to being that they have raised, but if this company could operate for a profit they shouldn't need to raise money. That's the whole point. Yes, timing is everything, and this company has been mining 4-6 g/ton ore for 6 years and can't turn a profit to cover just operations, much less drilling. There was talk of 60,000 ounce production years. Last year they produced a little over half that figure and it was a good year. 6 months ago this company had 19 million in the bank and a fresh start. In the time since they have used lost over 8 million, production has fallen off a cliff and the drills have not produced any significant new finds. Now they need more funding, connect the dots. Uncle Eric has to back it because no one else will. Your shares are being deluted 20% and if you owned shares a year ago they have been deluted almost 100%. That is what they are doing with the money raised. If your OK with it as a sharehold best of luck to you. Because this is deadmoney for the forseeable future.