OTCPK:MEAOD - Post by User
Comment by
mstettleron Oct 25, 2016 2:45pm
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Post# 25383889
RE:RE:RE:question...
RE:RE:RE:question...fruitvale3067 wrote: Pdcon wrote: there will be a takeover of mto mainly for the barry property , and all this negative talk about mto has something to do with the takeover. the price of gold now should place mto in the profit margin as they also have 5 million oz of gold in the bank. By nov fourth mto should make a nice gain when the pea is released . time to load up. as mto has losses from other years to offset taxes going forward
Pdcon, who says there will be a takeover, You. That has yet to be determined. Most of the negativity as you call it has centered around numerous topics concerning MTO. Actually the only positive issue the bulls have been pushing is a buyout because that's about the only positive left.
As for the price of gold and profit margin, well that's not a given either, especially with production already falling from Hewfran. Also i'm not so sure MTO has 5 millionworth of gold in the bank anymore. It looks like they may have dipped into this to make the quarter and year end financials look better.
As for MTO making a nice gain when the PEA is released, well nothing to this point has helped, why should this.
It's hard to know what they have left as they pulled the 2016 financials from the web site. I think they may have sold most of what remained during the most recently reported quarter because I seem to recall that there was very little left when I looked before. If anyone has a link to the current finacial statements I could find out for sure and post it here.