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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
Post by TedOwenson Jun 14, 2011 6:02pm
283 Views
Post# 18714950

Share price decline

Share price declineMKR down to 16 cents again.

Shareholders have not seen this exact price point since April 14, 2009 which coincidently coincided with a results improvement trend on the gradual share price upswing.

What is realy concerning with this latest developing and consistent pattern is that the drill result release frequency trend within 2011 appear to be slowing down even though the drills have not and keep turning so one can only speculate that the drill results coming back are not improving and the results held back.

At this point, all of the holes drilled should be released good or bad because the more that they are held back, the more negative speculation there will be while the markets downgrade the stock

Down significantly on this play and im getting very worried and that managment is as well.

T.O.



Bullboard Posts