Metanor Resources MEAOD

RE:RE:RE:RE:Pdcon... MTO...

[fruitvale3067]

One more thing bob, when I first bought into MTO, They had approx. $3.3 million in cash and 230 million shares outstanding. Today they have Approx. $1.7 million cash on hand and 437 million shares outstanding. If I remember correctly the highest price the stock got after my origonal purchase was .28 canadian. Now with half the cash, and basically twice the amount of shares what kind of a buyout price do you think you are going to get. 

I tell you what bob, I'll take a break from posting here. The pressure is obviously taking it's toll on you. So in order to relive some of your stress I will not post here again until I think MTO actually puts out some good news or I sell all my shares. Deal? My guess is one way or another it's going to be after the next quarterly report. Before I take my break I'll give you my short term thoughts.

Barry - Tough to call, Moroy results hasn't generated anything to share price and it's grades are higher than Barry. I'm not sure what 200,000 ounces added will do. Of course the bigger the number  the better the chance. The issue is, not a word since they said they were looking into mining it. If they were proceeding forward with open pit mining and a nice increase in resources then you'll have something to talk about. That's the kind of good news I'm talking about. On the other hand adding reserves is great but not mining it once you said you were looking into it seems kind of odd doesn't it? Ahhhh, it's  just another one of the many topics I should call managment and talk about. 

Moroy -  Need to find thicker higher grades. If they can then maybe some share price movement. If not nothing.

Price of gold: If it goes higher it may drag MTO with it, the problem is those last 3 quarterly reports. Not making a profit with 4.5 grams/ton ore is drag on the share price. If the price of gold falls then it will drag the share price lower.

Quarterly report: This is it, we've heard all the hype. Cash flow positive, increasing grades, exchange rate, reduced all in costs etc. This is the one everyone has on their calendar. Nowhere to hide if they blow this one.

Overall: no appreciable price movement until they can actually show they can mine for a profit. Which means late July early August.