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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 tsoprano1on Feb 09, 2017 10:59am
94 Views
Post# 25822614

Question for LiTe

Question for LiTeOr anyone that knows:
the gold that was held back previously from being sold, would that have been expensed in that quarter or the one it was actually sold in. I admit I am always looking for the conspiracy and in this case can't see how all in costs were reduced so much. So what I am wondering is if they expensed that gold previously but didn't sell thus causing all in to be higher then and now bring out zero cost gold for sale bringing all in down this quarter, what is the real all in. Say they did that to insure a profit to get share price up before reverse and PP, then go back to normal practice and showing a loss? Is this possible? Not trying to rain on anyone's parade, specially since I still own stock with a sell in at higher price. Just can't figure out how they got costs down. After 3+ years of watching these boobs, I naturally am looking for the loophole. TIA.

T
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