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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 by User

Bullboard Posts
Post by art27on Jan 08, 2009 3:10pm
484 Views
Post# 15691949

Something is not right here

Something is not right hereMost of the gold juniors are up today and MTO is down. Do you think MTO's management is losing their credibility with that surprise financing ? To tell you the truth I was pretty shocked to see them announce 20,000,000 share dillution after they hyped there will be no more dillution. 25% dillution of total share float is a loss of trust. I didn't expect that with a company with already established cash flow and as they say "low cost producer". I will hold till their next quarter results and if after that SP doesn't move at least till $0.80 then I will move to someting of more  value.
Bullboard Posts