OTCPK:MEAOD - Post by User
Comment by
JRaffleson Feb 19, 2011 10:37am
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Post# 18163565
RE: RE: RE: Thanks cHunty
RE: RE: RE: Thanks cHunty
MTO continues to spend $10 million per quarter racking up ever mounting debt along the way. That is the here and now. The MTO debt collar is tightening by the day. Empty promises and intolerably poor track record on living up to any promises. Heck, these guys can't even revamp their website, another as yet unfulfilled promise, in 6 months plus.
No credibilty in this management team....Been a long time since I've tracked such abysmal management performance
I cannot disagree with the management credibility, promises ...........
The $10m per quarter, is equivelant to ~ $25 per ounce per year on the 1.6m ounce gold resources in the ground. I could live with a lackluster managment, if only they could give a sign that they have the managment and financial wherewithall to procuce from these ounces. Am I expecting too much from them?
As soon as production is achieved, the Bachelor ounces will immediately be upgraded in value.