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Melkior Resources Inc V.MKR

Alternate Symbol(s):  MKRIF

Melkior Resources Inc. is an exploration stage resource company. The Company’s operations include the acquisition and exploration of mineral properties in Canada. Its projects include Carscallen, White Lake, Maseres Genex, Val d'Or, Launay and Urban. It holds 100% interest in the Carscallen property, west of Timmins, Ontario. The Carscallen Project is located approximately 25 kilometers west of the city of Timmins, Ontario. Its White Lake Project is comprised of over 328 contiguous claim units (12,966 acres), located 15 kilometers northeast of the Hemlo Gold Mine operated by Barrick Gold Corporation. The White Lake Property is situated in the north-eastern portion of the Hemlo Greenstone belt. Its Genex Project is located 20 kilometers west of Timmins, which includes 70 claims, six patents and one partial lease totaling 1,616 hectares. The Val-d’Or Property is located over 35 kilometers east of Val d’Or and is comprised of 120 claims covering approximately 6,333.04 hectares.


TSXV:MKR - Post by User

Bullboard Posts
Post by TedOwenson Jun 10, 2013 8:44pm
296 Views
Post# 21508666

Melkior adjusts warrant pricing and expiration tim

Melkior adjusts warrant pricing and expiration tim

Well there we have it, Melkior management attempting to an industry acceptable premise of what would be reasonable to be considered an appropriate market timed example of what would constitute share price and exploration performance returns during the past 12 months period that would be reasonable to be in place in order to warrant such a repricing/expiry implementation undertaking in the current market. If Melkior management considers its share price demise and categorically uneconomic exploration returns over that past year as operational virtues/examples which would support and/or warrant the current scenario, then we as shareholders have a very serious situation in place with competency and motivations attached to the current scenario. Cancelling existing warrant tranches in an effort to allow the repricing of subsequent replacement lots  to 10 cents could be construed by any reasonable person as constituting an acknowledgement premise by management that the results garnered to date from all projects are not of sufficient tenure to confidently consider such as having the capacity to move the stock price back much over 10 cents over the coming 12 months. This should tell investors that 25 cents is not a confidence point within this company...................It is my opinion that this scenario is an unacceptable example of management conduct in this current market.

Bullboard Posts