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Metanor Resources MEAOD

Metals & Mining Gold Industrial Metals & Minerals
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

Metanor Resources > Reality check.
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Comment by mstettleron Mar 07, 2016 4:48pm
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Post# 24631840

RE:RE:Reality check.

RE:RE:Reality check.Not at all wind.  

I hold shares in MTO so bashing it is not in my interest.  I am just suggesting that people need to keep their eyes open - I have lost badly more than once before by being too enthusiastic or too trusting in management.  Now I know better.  I just want those who are buying at these prices to undestand the risk profile of this investment.  

Whether you are bullish or bearish, the fact is that MTO at $1600 CAD gold can not make money.  The fact is that they are saddled with debt.  The fact is that management has this one last chance to prove themselves.

It's one thing to buy below .04, it's quite another to buy at .08.  If the price of gold continues to rise all will be well.  MTO is very cheap relative to their assests.  If the price of gold moves lower again there will be pain.  That is truth.

Please do not mistake objectivity with emotion.

Regards.
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