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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 fruitvale3067on Apr 26, 2016 9:54am
84 Views
Post# 24809783

RE:RE:RE:What has changed ?

RE:RE:RE:What has changed ?I know one thing I would like to see change.....profitable quarterly financials, because none of that other stuff you mentioned matters if they can't get it out of the ground and process it for a profit. 

<Drop to 4 cents again and I will buy a lot more so the sooner the better.>

PDcon, if the shareprice drops to 4 cents again it's probably over for Metanor. They won't have any $$$ in the bank, and investors will throw in the towel on this one. They are short on time as it is and they need to start turning a profit... Quickly!!!. As you said the price of gold has risen, gas to run equipment has fallen, and gold grades are supposedly increasing. If this company cannot turn a profit now I'm afraid you would be wasting hard earned $$$ buying more. 

The most valuable lesson I ever learned when gambling is "Never chase a bad bet or loosing trend". Best thing to do is recognize it and walk away. I can't tell you how many times I've seen people sit there and loose 10 hands in a row then start doubling and tripling down bets to try and make up the loss thinking it's time a winning hand or two will show. Before you know it they have dug their own graves. The goal of this game is to minimize losses during a loosing streak and maximize gains during a winning streak. The last time I've looked Metanor has had a couple winning hands lately but it's clearly not a trend. The way I see it if Metanor is a blackjack player at a $5 table they are down to there last $20 and they need a winning streak bad. The next 4 hands (quarters) will determine the outcome. 



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