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.

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Metanor Resources > Metanor: Update on Private Placement Metanor Resources Inc.

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Comment by pdcon1on Mar 21, 2015 8:36am

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RE:RE:RE:RE:RE:RE:RE: Metanor: Update on Private Placement Metanor Resources Inc.

i think they had a lot of good drill results since the last few years that have to be put together , last may 2014 they had a pp of 4.57 million at 16 cents with 30 cent warrants what have they done with the money to enhanse share holder value . A lot of options are out of money now with a share price of 4 cents with previous warrants a lot higher some at 30 cents . are they just buying time here to supply sandstorm with 500 dollar per oz gold at a 5 cent pp , and what would be the purpose of future drilling as they are a producer trying to stay alive . a lot of questions have to be answered here to turn things around , and the only good thing is gold is starting to move up.

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Investors eye Australian gold mining projects amid promising developments