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Metanor Resources MEAOD

Metals & Mining Gold Industrial Metals & Minerals
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

Metanor Resources > PM - BOB - Hypotheticals...
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Comment by fruitvale3067on Oct 11, 2016 2:52pm
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Post# 25331824

RE:RE:PM - BOB - Hypotheticals...

RE:RE:PM - BOB - Hypotheticals...
goldminer wrote: Best scenario is:  gold recovers to CAD$ 1770, MTO eeks out some profit next 3-4 quarters
and stays alive without resorting to another diasasterous PP issuance.  Sprott works out an arrangement with the Osisko boyz which profits him... and a few long suffering (mostly early 2016 buys) shareholders come along on the ride.  Everyone else connected to this garbage gets the shaft.


Goldminer, concerning your disasterous PP Issuance comment, it actually worse that that. It's called convertable debt and it's coming. In this case it's issuing shares for already borrowed money. The question is how many shares is it going top be. 
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