Post by
psych01 on Oct 06, 2017 1:41pm
re--RE:RE:Be Cautious
There is no Team E. New people checking MTO --it is just a semantic device--a lot of people say 'we think this or that' instead of 'I' think this or that to avoid taking personal responsibility for their opinions. I admit to using 'we' somethimes. He just say 'Team E yada yada instead, that's all. Anyway. the main problem with MTO is determining valueation post consolidation. As a penny stock explorer it was much easier--just another junior penny stock with a bonus not for profit mill; the ounces simply aren't there to get very excited about MTO's production. But they more than break even and it is a perk. Resource going forward at Bachelor is a major problem--unknown---and expansion of the mill costs money. Barry and Bachelor now have an NSR with an expensive option to reduce it--but it's basically there for the long haul. As Dan Stringer said in his piece, we're dealing with an explorer with a few good options. But the whole matter is up in the air and all is speculative. It's the valuation that is very difficult to determine. POG--I don't see the $100 drop. Fed is above 50% hawkish for December rate hike and they are being very cautious in reducing their balance sheet. Not great for gold but not overly problematic. Equities can't just keep going up, correction is due IMHO, geopolitics has a smorgasborg of tinderboxes --enough to keep safe haven gold more interesting. IMO
Comment by
Reality555 on Oct 06, 2017 1:57pm
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Comment by
ilovetoinvest on Oct 06, 2017 7:24pm
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