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Metanor Resources MEAOD

Metals & Mining Gold Industrial Metals & Minerals
Metanor Resources Inc is engaged in the production and sale of gold as well as acquisition, exploration, and development of mining properties. It projects include the Moroy Project and Barry project among others.


OTCPK:MEAOD - Post by User

Metanor Resources
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Comment by gahdcon Jun 21, 2011 9:00pm
392 Views
Post# 18747460

RE: RE: RE: Selling And Buying back Later.

RE: RE: RE: Selling And Buying back Later.Yes I've read that June-July is the weakest part of the year traditionally for gold, but I have a decent entry price and don't feel confident enought in being able to time this stock to try getting out and back in before we get any upside news about drill results, or who knows, maybe even a takeover bid.

Commentators are saying that the depressed price of gold shares are making them very attractive to the majors who can buy gold in the ground from the miners cheaper than looking for it themselves. If my numbers are in the ball park, then with 1 million ounces in the ground and the stock's market worth at about $60 mil,  MTO's gold in the ground is being valued at just $60 an ounce. Incredible. Well good look whatever you decide.
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