Metanor Resources MEAOD

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:MTO QUOTES

[ramblersrest]

We have rarely by the skin of our teeth avoided shutting down on care and maintenance or worse ; like being insolvent ...There is some money now and folks are in a sweat to spend down to zero again ......Many small and medium gold companies have prudently built up sizeable cash reserves but MTO is nowhere near that position ....As a working mine there can be unforeseen expensive problems that need fixed in order to continue operations ....MTO is far better off to get in a position to handle such situations as opposed to spending in the discretionary category ......A buy out at a low share price say book value of 15 cents is no problem as an investor is generally always in a better position post buy out ....Investor has more cash or more value in a bigger company via shares...........To get there where a company is attractive for buy out or higher share price the priority is to improve the actual operations and cash position of MTO ...Using essential cash in this company to buy paper shares creates zero value and regresses MTO back to the brink again .....