OTCPK:MEAOD - Post by User
Comment by
gatoroneon Apr 18, 2016 5:22pm
168 Views
Post# 24781000
RE:RE:Money Making Time...MTO!
RE:RE:Money Making Time...MTO!One reason this stock (Canadian MTO) is stuck between 9 & 10 cents is that, even though management seem to be nice people, they have a history of non-performance. Enthusiasm for Sprott's purchases can only move the stock so far and that's it. The rest depends mostly on management performing and earning their high salaries. Yes, I remember when the company gave monthly results. The fact that we do not get them anymore is one reason the stock is range-bound. Everything depends on managment finding gold and making money. As far as Jan-March results, the company won't release those numbers until the end of May. March was supossed to be a better month with better gold. We'll see. The real test of whether the compnay is actually doing better will be the April - June quarter. Perhaps if those months actually are better, the company will start releasing monthly results again. However, their main office is staffed rather thinly, so we'll see if they can do it. So it's possible we won't see any really good numbers until the end of July.