Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Metanor Resources MEAOD

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

Bullboard Posts
Post by JRaffleson Sep 19, 2011 1:47pm
436 Views
Post# 19057937

FX kind to Metanor

FX kind to Metanor
If Metanor had received the USD6m from SSL a month earlier, than the 1 September due date, then it would have resulted in about CAN400,000 less received at the 1 August FX Rate. 

Overall, it seems that the USD20m would have been drawn down at advantageous CAN dollar rates since the contract was exchanged in January 2011.

The high USD FX rates expected in a post credit contraction should also assist Metanor when production starts, in contrast to US miners.



Bullboard Posts