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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 psych01on Jan 24, 2017 9:13am
167 Views
Post# 25745645

re--share consolidation

re--share consolidationIf this was a junior explorer we're toast.  As a producer showing improvement by at least a few metrics--proven resource, drilling on Osisko's doorstep, good mill with ability ot increase capacity, etc. there's still hope as you say for no SC--I think they're going for a 5:1 .  The usual course of events is that the SP gradually sinks.  We're not exactly grasping at straws but only slightly better prospects.  Obviously they need money--the SC is mainly for that.  I was hoping for a buyout but maybe the best we'll get here is a tax write off.  Still hope though.  We'll see.   IMO
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