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Metanor Resources MEAOD

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.


OTCPK:MEAOD - Post by User

Comment by u2bobon Sep 17, 2015 8:22am
121 Views
Post# 24111497

RE:RE:RE:RE:Perception...

RE:RE:RE:RE:Perception...Hi Tom buy any MTO yet ?  I still like the buyback as a defensive measure as long as we are producing gold and retiring debt thats great...and It was used for buying shares at a strike price below the last PP ...you may not end up with many shares but it sends a signal to the market ...And lets be clear if someone is dumping a ton of shares who better than managemet to know what footing the company is on ...I just think that it gives management a defensive tool tp use in these ruff markets...the company should be in good standing after paying back the 7 million dollar loan...so if expanding the mill will cost 2 million... and it makes sense then we should get another loan ...and lets protect are share price cause I think this company is valued by the market incorrectly ...and lot can happen over a year time period
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