OTCPK:MEAOD - Post by User
Comment by
fruitvale3067on May 10, 2016 9:41am
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Post# 24857173
RE:SeekingAlpha SSL MTO...
RE:SeekingAlpha SSL MTO...<A takeover could be coming sometime this year by a mid-tier gold miner.>
With the key word in that statement being "Could".
I think the only way a buyout happens is Moroy turns out to be that million plus ounce system and Metanor can show they can actually get gold out of the ground for a profit (and the larger the profit the better.). Problem is again it cost money to come up with a revised resource updates. I would like to think a Mid-tier is going to want to see some "official" documentation before they decide to buyout the company. As we all know metanor has been trying to replace reserves as they go without any paperwork updates. Now they have themselves backed into a pretty tight corner.