OTCPK:MEAOD - Post by User
Comment by
joe_trouton Feb 10, 2011 3:14pm
205 Views
Post# 18111385
RE: Producer or Explorer
RE: Producer or ExplorerYou guys keep bagging on the current shares outstanding. Heck, one of my biggest holdings RMX has more shares outstanding than MTO and it's doing just fine thank you. MAI has more shares outstanding. Anyway, I only buy with the long term in mind. You buy on the cheap from the short term players who get frustrated and then sell back to them later on when they get that warm fuzzy feeling. Rinse and repeat. I made about 300% on RVM doing just that. Sure, my initial purchase at 0.40 didn't look so good on RVM when it got dumped to 0.20, but what difference does it make now when it's going for 0.85 (pre split adjusted).
The market cap on MTO is puny given the amount of gold they have on their books and the prospects for finding much more.
Anyway, looking forward to buying more, but looking for another leg down before I buy in again.