RE:RE:RE:Pdcon... MTO...Well good afternoon bob, for full disclosure
I origonally purchased my first shares of MTO in April of 2013 @ approx .18-.20 US, I have averaged down over the years and recently added when the sprott pullback began to occur at .08.US. My average share price is .10 US. Which means I was only briefly in the black for a month or so in late 2013. Since that point I have been in the red. Even my most recent purchase isn't in the black. Now, for your information I've had plenty of loosers, believe me, and I'm going to have more (unlike team Europe). Yes, MTO could very well pull out of this thing, but maybe not, it's going to be close as I see it. I'm not willing to bet the 100% of what I had invested to find out the answer. So I'll reinvest the other 50% on some other plays i think will do much better over time.
Now, If I may ask, where do you stand. Surely your not in the black if you've been buying all along. What I can't understand is why your so bullish on a company who is in the financial mess it is in. You say I need to call the company, Why? Your talking like it's my fault the company is performing poorly. Do you always shoot the messenger and let the decision makers pass? Besides, the answers are in black and white everytime they have a news announcement. If you dig deep enough into those words carefully you can understand what they are and/or aren't saying.
Example #1. About 1-2 months ago someone posted something management said and it went something like: Mining is moving into Hewfran where gold grades are higher and will increase in time.
Now you and just about everyone else jumped all over that statement focusing on higher grades. My comment was there were two words in that statement that set off red lights to me. I purposely didn't provide the answer because I wanted everyone to try and figure out which two they were.
The answer: "In Time"
Then what grade number do we get from the quarterly report after this statement? An increase from 4.6 to 4.9. Boy they weren't lying when they said "in time". The issue now is how much more time and how long do they expect the deposit to last. Now I've made my guess, using the available information. Due to the last 3 quarterly reports Bachelor looks like it's running out of higher grade ore. Now, they are chasing the higher grade ore into Hewfran because, well they have no other choice. Now Hewfran has been drilled recently adding to a low previous estimate 43-101. But that's it, nothing else, are you telling me your happy not knowing the size of the deposit, I think thats kind of important information both from a mine your way out of the financial issues and from a buyout perspective. If management doesn't want to voluntarily provide that information then I can conclude from the information available (43-101, the extra drilling and the SSL statement) that it's only 3-5 quarters worth. If I'm wrong then I'm wrong but I can only go by the information provided and make my investment decisions accordingly.
In closing, you can refute anything I have said. Is Bachelor thinning out? My homeworks says it looks like it, What does your say?. Just how big is hewfrans deposit? Well from what I can find from previous drilling and resource estimates grades are good, volume? well thats where the available information has some serious shortcomings. Again, what does your research tell you? The thing is I've at least provided some information to back up my assumptions, Right or wrong those are my conclusions. After 3+ years of no returns I'll take the small loss on half of my shares. Who knows maybe I'll be proven wrong on my other half and get something out of this mess after all. If this next quarterly report is a failure you won't have to worry about me posting here again.