Metanor Resources MEAOD

RE:RE:RE:Sprott Sprott Sprott...three words that tell all...

[digger69]

goldminer01 wrote: Sprott may make inexpensvie loan to MTO to assist his share appreciation.  The last thing he wants is massive continued dilution after he has bought in.  His entry should spell the end to more PP at least for next 9-12 months timeframe.  They may need 3-4M CAD max which he can have one of his companies make in form of a simple loan... assumes that they cannot make enough cash flow
But they may make it if grades come up to 6-7 g/T and with the higher gold price in CAD and lower fuel costs.

Good post and I believe you are correct in the fact that if MTO needs money in the future Eric Sprott would be more beneficial to loan MTO money rather then MTO dilute with another PP...will that really happen? Who knows..the opportunity has been there before and NO it didn't happen...

I will correct you on your point of this being Eric Sprott entry..this is not his entry into MTO as he is already an insider prior to last weeks purchase!