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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 Geodan2on Oct 30, 2015 2:19pm
90 Views
Post# 24244450

RE:RE:RE:RE:Balance Sheet, they had the cash, did not need it

RE:RE:RE:RE:Balance Sheet, they had the cash, did not need itT, did see your and others posts about PP creating overthang and lack of mangement ownership, now have experienced it.  What I saw was potential Santoy Gap on surface. Which still may be true.

Will remember this one, the lack of ownership/PP issue, looking at other companies in future. For cashflowing mining company, never have seen this before.  Yes on biotechs which I avoid.

It can still 2x, 3x if drill news is excellent, but this reduces upside by 1/3. 
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