Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Metanor Resources MEAOD

Metanor Resources Inc is engaged in the production and sale of gold as well as acquisition, exploration, and development of mining properties. It projects include the Moroy Project and Barry project among others.

OTCPK:MEAOD - Post Discussion

Metanor Resources > MATH - you hate it but MTO needs it
View:
Post by btrevorb on May 26, 2015 2:46pm

MATH - you hate it but MTO needs it

Let's do some operations math, and we are going to pretend that the WAY WAY OVERPAID management is not lying to shareholders again.

  • Gold production of 12,000 ounces; (wouldn't that be nice if they could manage that for just one quarter, 4/5 of target- is that too much to ask?)
     
  • POG $CAN $1,500 per ounce sold (very optomistic); 
     
  • All-In cost of $1,182 per ounce sold (US$ 959);

  • 12000 * 318 =3 816 000 in the next fantasyland quarter.
    minus 1 000 000 loan repayments
    minus depreciation 3 000 000
    minus OUTRAGEOUS MANAGEMENT COMPENSATION
    1,653,859$/4 = $413 464
    Management compensation tips profits into loss again.

    SO THE PEOPLE WHO CONTINUE TO DRIVE THIS STOCK INTO THE GROUND WITH REPEATED P.P.'s (after promising no more) WHO ANNOUNCED CASH POSITIVE BEFORE THEY WERE CASH POSITIVE AND HAVE YET TO ACHEIVE, AND
    PROVIDE LITTLE TO NO ACTUAL INFORMATION ON MINE ACTIVITIES, continue to skuttle the ship.

    NOW YOU KNOW...THE REST OF THE STORY.

Comment by wind00 on May 26, 2015 3:00pm
MTO doesn't need it and I don't hate it. but you LOVE it. lucky we have you to give us the truth according to trevor. and good you had this all ready to post, not missing any opportunity to post it again and again. MTO shareholders are so lucky to have you to get the full story, even if it is not the rest of the story. feel better now?
Comment by wind00 on May 26, 2015 3:00pm
MTO doesn't need it and I don't hate it. but you LOVE it. lucky we have you to give us the truth according to trevor. and good you had this all ready to post, not missing any opportunity to post it again and again. MTO shareholders are so lucky to have you to get the full story, even if it is not the rest of the story. feel better now?
Comment by btrevorb on May 26, 2015 3:40pm
One who wastes air when he speaks. I did not have anything ready until I put it together, AMAZING how a brain that is utilized can operate.  So many numbers and such difficult functions.  I utilized all my trig and calculous skills to multiply three numbers and subtract three others.  Man if that takes prework and days of preparation your head must not be filled with much more ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities