OTCPK:MEAOD - Post by User
Comment by
pdcon1on Oct 31, 2015 8:21am
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Post# 24246371
RE:RE:RE:Do I need to paint you all a picture - major time here @MTO
RE:RE:RE:Do I need to paint you all a picture - major time here @MTONo one likes a pp but companies survive on them , best thing that could happen here is a takeover , but mto needs more tonnage , and this is what they are trying to prove with this last pp that is only diluting mto around 10%. With a market cap of 16.1 million the last pp excluding warrants at 4 million is 25% of the company . Someone with 100 million cash could probably buy the whole co except they would have to cary the sandstorm deal but the 40 million write down would make up for it as they could buy out the sandstorm contract for a few million . There is no guarantee Secutor will make any of their money back unless mto drill results are successful , this is what its all about not filling someones pockets , those pockets get filled from production revenue regardless what else mto takes on. I think prior to these stellar results mto would of had a hard time securing 4 million dollars so we would just plug along hoping price of gold rises , if gold drops to 1000 mto would probably drop a few cents , meanwhile secutor is stuck holding their shares for 4 months . If the south zone proves big we all make even the 5 cent wall would probably disappear. jmo Keeping the drill rigs moving and completing a 43101 increasing gold oz is the only way mto gets taken out. .