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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 lukn4ron Dec 04, 2019 2:27pm
255 Views
Post# 30421928

Desperate

DesperateSorry to be critical but MKR management killed off the positive momentum on Carscallen by property hopping in the past.... It was plain and evident back then that the work they are completing at this time, should have been done immediately after their last significant efforts in Carscallen to follow up and ADD to the Excitement when they last tackled project in any significant way.  

Erroneously, IMHO, they have squandered opportunity and shareholders' patience by adding risk to their project porfolio and with their inexperience at juggling the PR for both, quashed the likelihood that you, a shareholder could enjoy a stock price much nearer to the upper teens than bottom feeding at $0.02 and $0.025 per share.

These favorable results are being used by funds to liquidate and exit their positions in an effort to get out completely or "rebalance" their positions in MKR.

Personally, I have great hopes for Carscallen but do not believe that under this team, it will ever demonstrate the premiums in valuations lesser assets have.
Bullboard Posts