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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. The Company’s projects include Carscallen, White Lake, Maseres Genex, Val d'Or, Launay and Genex. It holds a 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 consists of over 333 combined Single Cell Mining Claims and Boundary Cell Mining Claims with each Single Cell Mining Claim being approximately 20 hectares, 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. The Company owns a 100% interest in the three mineral claims in Tiblemont Township, Quebec.


TSXV:MKR - Post by User

Bullboard Posts
Comment by tfsatraderon Feb 02, 2011 2:45pm
239 Views
Post# 18063650

RE: RE: Comment and maybe a question

RE: RE: Comment and maybe a questionOnly 1.5MM shares traded so far this week.

I would like to think that the 1% of shares traded are in shorter term investors hands, and they see this as an opportunity to sell, buy something else, and perhaps get in at a later point. I don't tend to question managments salaries because I can think of other industries where people make more money doing far less. Would I prefer the management work for free............... NO

The timeline is outlined in the last press release, and we will see the price appreciate as they get their drills back in the ground, and continue on the path that leads to higher prices, and new 52 week highs. If you want to get out, buy something else, make some money, and buy back in later when you feel it is more appropriate.

Exploration companies are a risk.
 

 
Bullboard Posts