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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 pdcon1on Oct 31, 2015 8:21am
88 Views
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. .
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