OTCPK:MEAOD - Post by User
Comment by
tictactoe111on Apr 29, 2011 6:22pm
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Post# 18509759
RE: RE: GOLD.... could it be MTO?
RE: RE: GOLD.... could it be MTO?Well I've never heard of NIA but I am now fully positioned having built a stake in Metanor over the last week. I can find absolutely nothing to justify the current valuation other than the fact that many potential investors will be thinking I'll come back to that one next year because there's no rush. I don't think that to be true and it's my belief we will spike sooner than most believe.
I'm a patient investor however knowing valuations can spring from ridiculously low (we are certainly there now) to ridiculously high in a very short space of time once momentum builds. I think it is possible that we may go lower (25c ish re-test?) but if and when re-test comes it may be a single trade on the candle and the turn point will be fast and furious imho. I don't want to risk acquiring a few cents cheaper and miss out because I think over the time-frame I intend to hold it will prove completely irrelevant.
In answer to NIA though, whoever they are: As a rule management are aware of potential promotions and as such would crank up the website in preparation. To be fair the Metenor's website remains very poor so that would indicate to me that it is unlikely. I'm really not bothered though as a fair valuation of the company imho is about 200m at present. The management aren't in promotion mood as yet and I understand why but either way we will see that valuation as a minimum imho if not this year then next.