Metanor Resources MEAOD

RE:RE:RE:RE:RE:RE:Good news ... IKN

[mstettler]

pdcon1 wrote: looking at news release mto made over 5.2 million as of june 30 2016 last quarter showed dramatic positive results due to higher gold prices , , first half of 2015&nbsp; had lower gold prices and affected the fiscal results to a 2.5 million loss , that they will cary forward . everything is pointing to brighter days ahead with gold going back to 1300&nbsp; u.s.&nbsp; Lets get barry on line to production and quebec hydro is a lot cheaper than ont hydro , this news created a massive buying opportunity&nbsp; by jan if gold stays up good chance mto hits 15 cents .<br /> <br type="_moz" />

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Unfortunately, no.  It came from 2.3 million in sales of gold from inventory as well as the reversal of the impairment charge at 10.5 million (less the new 3 million inpairment charge).  Big red flag.

Otherwise it would have been a 5 million dollar loss for the quarter and 7.5 million for the year.