OTCPK:MEAOD - Post by User
Comment by
Margreton Oct 30, 2012 10:58pm
125 Views
Post# 20542534
RE: RE: RE: Marg - really that's how you play...
RE: RE: RE: Marg - really that's how you play... Alright take BT's side. I didn't expect the cost to be that low either. It's not like posts here have any effect on the share price. MTO share price is hardly budging right now. Almost all the miners have broken out from the summer doldrums following the break out in gold. MTO hasn't even followed that break out yet. In the summer there were doubts by some people whether gold would break up or down. It's hard to believe that MTO can break down than up when so much negativity is baked into the share price.
Nobody is expecting anything good in the annual report so i don't see why BT needs to wait for that to cause a drop for a buying opportunity. If MTO is as bad as BT says, he shouldn't be buying it at all and is just wasting his time on this board. Nobody is going to pay BT to take the shares off their hands.Their $10 million funding was done in Aug. after the last quarter, so the last quarter cash position obviously won't look good as everyone already expects. All one needs to know from the annual report is that they didn't go BK and save the time on reading it.