OTCPK:MEAOD - Post by User
Comment by
fruitvale3067on Jul 29, 2015 4:58pm
125 Views
Post# 23973484
RE:RE:This is illogical.
RE:RE:This is illogical.So why did the stock price go down on more good ore discoveries? The main factor is the price of gold continues to be under pressure. Other factors could include the company financials, and diluted ore grade over the last couple quarters. Plus there are probably other factors.
Basically until the price of gold finds a bottom and reverses itself, miners are going to be struggling.
About the best investors can hope for now is for the company to hang on until the POG turns, or is taken over buy someone larger. It's that simple.