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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 > Revenue is approaching 60 Million Dollars
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Post by brandy2000 on Feb 03, 2017 12:32pm

Revenue is approaching 60 Million Dollars

With This quarter results of more than 15 million MTO is beginning to rapidly track north of $ 60 Million in total revenue for 2017.
Comment by BASTILLEDAY4U on Feb 03, 2017 12:44pm
Your concern as an investor should be in profits and not revenue. If your ice cream stand had $100 revenue for the day and coupons for free ice cream were cashed throughout the day and you had and your friends had a few too many Eskimo pies on the house, chances are you made little or no profit.
Comment by brandy2000 on Feb 03, 2017 1:13pm
Do math. Goofy. They have already announced a profit for the quarter. Numbers indicate it could be well north of 3 Million. Yet again another reason MTO is at a tremendous entry point.
Comment by BASTILLEDAY4U on Feb 03, 2017 1:26pm
Before I got too excited about a rare quarterly profit, I would want to review the financials to see how they became profitable at the same time the 1 for 10 campaign began. It need not be a rise in production of gold ounces. Maybe they had an investment of some kind they cashed out.
Comment by goldminer01 on Feb 03, 2017 1:35pm
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Comment by goldminer01 on Feb 03, 2017 1:40pm
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Comment by brandy2000 on Feb 03, 2017 2:15pm
Still even on the low end the quarter is profitable with revs at least 15Mil and more 3Mil gross and additional Ounces added are forthcoming this month in the BL resource estimate.
Comment by tsoprano1 on Feb 03, 2017 4:09pm
Where exactly do these numbers come from? Or are you expecting 2000 POG? T
Comment by BASTILLEDAY4U on Feb 03, 2017 4:44pm
Maybe Barry has been sold. I believe the sale of an asset could be part of revenue although it could not appear under operating revenue. Not sure if and when it would have to be disclosed. Perhaps ridiculous speculation on my part, feel free to add your own ridiculous comments. Someone mentioned a share buy back with borrowed funds the other day and my comments makes more sense than that. Actually ...more  
Comment by brandy2000 on Feb 03, 2017 2:06pm
Stu....OMG..... Read the Production Guidance.
Comment by tsoprano1 on Feb 03, 2017 4:04pm
Bday4U, still don't believe these goofs can show a profit without a one time event. Also, wasn't projected production set at 30-38,000 ounces? Not seeing 50-60 mil rev from that. Looking forward to actual report to see where they fudged to get an eps profit. Don't see it with 1300 AISC.  T
Comment by goldminer01 on Feb 03, 2017 7:39pm
This post has been removed in accordance with Community Policy
Comment by ilovetojumpem1 on Feb 03, 2017 9:13pm
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Comment by brandy2000 on Feb 04, 2017 10:39am
You better ask yourself why you cant cyhper.... Jethro!!!! Read the Production Guidance you dolt.
Comment by tsoprano1 on Feb 04, 2017 3:22pm
Is this what you were looking for: Outlook for the coming quarters  Metanor revised its objective to produce between 30,000 and 36,000 ounces of gold during this current year.  T
Comment by BASTILLEDAY4U on Feb 04, 2017 10:11pm
Not sure how anyone would know this number when the year doesn't end until the end of June and reported in the fall.
Comment by brandy2000 on Feb 04, 2017 11:30pm
I GUESS YOU MUST HAVE SOME FINGERS CHOPPED OFF CUZ You sure are Math ignorate. Try counting sheep or something else. How about getting your horse to count for you. This quarter is coming in at more than 15 million.
Comment by brandy2000 on Feb 04, 2017 5:47pm
Do your selves all a big favour. Go back and read.......MTO has the attention of bigger players. Who invested following this news...... VAL-D'OR, QUEBEC--(Marketwired - Feb 2, 2017) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to provide an update on its ongoing underground drilling program at the Bachelor Mine. Underground drilling from below level 14 continues ...more  
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