Metanor Resources MEAOD

Almost every gold miner is up today

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and this one is down 18%. Why did they do such big dilution in such a hurry ? The stock was recovering nicely and they could have just waited a bit and dilute half less at a $1. Instead they nailed it back to 40 cents. They seemed to me like honest managers telling the truth. I don't know what to think now. The only hope is they start mining Bachelor Lake which has grades twice as high as Barry's. But also such aggressive dilution does not make sense considering they are making some cash flow as we speak ? Maybe they want too much too fast ?

Art27