OTCPK:MEAOD - Post by User
Comment by
JRaffleson Sep 25, 2012 2:43pm
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Post# 20412481
RE: RE: Fireside Chat - talking to the chair
RE: RE: Fireside Chat - talking to the chair cause the management are not as forthright and considerate as they should be ......
Imagine, RP in his office, talking to his chair (in Clint Eastwood style to Obama), instead of to Metanor shareholders and sayng .......
- I have got all the cash I need until Metanor is cash positive in December.
- I could give more info to shareholders, but...
- October is usually a bad month for markets and handing out good info before then may not add to the medium term share value.
- We have achieved some really deep drilling below the limit of the extended shaft but it may take some time to evaluate this and incorporate it in an updated Feasibility and it would be a shame to complete the feasibility without a potentially large increase in inferred resources - we could hold back until we get 1m ounces total resources.
- Metanor would really hit the ground burning rubber, if by December, Gold was circa $2,000, Metanor was cash positive and also I was in a position to release total resources well above expectations.
- SSL are not concerned about Metanor's sp, only the reserves that will eventually be streeamed to them. Therefore, I will be encouraged to delay if resources are big. Also, in recent interviews, Nolan has not mentioned Metanor, but concentrated on his Luna gold stream. Therefore SSL will be happy to wait for a Feasibility updated with enhanced resources. Also, Metanor could benefit from the SSL PR machine if the Feasibility is released when they are in a position to promote the appearance of the Metanor gold stream.
- on the downside, I do get quite a bit of heat from the Stockhouse bullboard members, particularly Grampatech1 recently. However, for the greater good of shareholders I will provide some scraps of info for the time being, until it siuts me to go public, which may be at a time when I can achieve most sp impact with results above expectations.
The above is all guesswork, but it is quite plausible?