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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 Sep 02, 2016 4:11pm
152 Views
Post# 25204208

RE:RE:RE:RE:Heres a thought

RE:RE:RE:RE:Heres a thoughtOK, so now it looks like MTO is officially on the block for being available for an aquisition. Bob as usual your putting the cart before the horse. Just because they put this out doesn't mean it's going to happen. The promo pieces put out the last 2-4 years all mentioned MTO as an aquisition possibility yet no offers. My quess is if this was such a great company Osisko and others would have already jumped at the opportunity. 

I know your not going to like this but, the document could be looked at in two different ways. Yep they are going to get aquired or just one more sign of despiration. I also find the timing interesting, because it's right before 4th quarter earnings release and the Barry PAE. To me it seems like that information should be in this document.

As I see it even with the rising price of gold they cannot support operations much longer and they need someone with deeper pockets to dig them out of the hole they backed theirselves into. It appears to me as though one of two things are going to happen, Either a aquisition or close the doors. In which case the buyout price isn't going to be that great or this might be one of the first mining companies to close the doors during the current bull gold market. 
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