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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

Post by longshot52on Sep 25, 2016 3:27pm
156 Views
Post# 25275910

MTO's Business Model or lack of

MTO's Business Model or lack ofHoping to make a few 10's of Millions over the next 9 years when you have 1/2 Billion shares outstanding is that really a great business model?

It is even more hopeless considering the debt outstanding, the need to somehow raise capital to fund such a small return for the 1/2 BILLION shares.

What happens to this grandious plan when the long overdue stock market crashes?

MTO is trading at more than three times its low of 2.5 cents but for how much longer.


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