OTCPK:MEAOD - Post by User
Comment by
dawgboneon Nov 12, 2015 10:11pm
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Post# 24287522
RE:MTO cut back on Sandstorm ...
RE:MTO cut back on Sandstorm ...its my understanding that SSL gave $20,000,000 to MTO in order to buy 40,000 ozs at $500/oz, recent report was that they had bot approx. 21,000 ozs...therfore they still have the right to buy approx. 19,000 ozs...thats not going away
they may have purchased less last year because Mto produced less
can't see SSL as a potential suitor because the streaming philosophy is to avoid the quagmires of production by providing financing for producers in return for cheap gold to sell at market rates
they can probably operate out of a small office with very little overhead and just run a buy/sell with guaranteed profit in return for the financing
trading in the last couple of makes me think something big is in the works , or we all should be scared sh*tless