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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 mstettleron Mar 07, 2016 8:14pm
76 Views
Post# 24632506

RE:what is reality?

RE:what is reality?Hi wind, 

Sorry if my post comes across as negative.  It was not meant to be.  I do hope for everyone's sake that we have continued good news.  

Nobody has all the facts; I was only reiterating the ones that are known to us mere mortals.  

So I averaged in just below .04 this time (I sold previously at a loss long before now).  I then watched the shares drop to a new 52 week low of .025.  That is gut wrenching.   MTO did make a new 52 week low in spite of a steady stream of positive news.  

Like I pointed out previously, if the price of gold continues to rise then we are all happy.  If the price of gold falls and we see a new 52 week low then those that bought at .08 are going to be very upset.

Nobody has to agree.  I think it is irresponsible to be chearleading when we just saw a triple off the lows and then let people believe that higher prices are coming here and now.  It's possible but unlikely.  How is that not being objective?

I've been investing for a very long time and in the mining shares in particular since 1995.  I know a thing or two about emotion getting the better.  I am absolutely not drawing a comparison here but Bre-X caught the imaginations of an awful lot of people - including myself.
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