Metanor Resources MEAOD

RE:RE:RE:RE:BonnyTerra to undergo 40 % dilution

[BASTILLEDAY4U]

JRaffles wrote:
Both you suggestions seem to be sound and in the interest of existing shareholders:-

1. Agreed that the debenture issue is a priority. Also, to seek to raise all capital requirements in 2017 will be contrary to shareholder interests.  However, management usually seeks to curry favour with new shareholders by oppressing past shareholders.
2. A buy out would give MTO shares in a fully financed company, or alternatively one that can raise new development capital without having to resort to the Shylock style deals that have been dealt by the board in times past.

Being fully financed and running short of gold bearing ore to run through your mill, is not a good thing for shareholders. If they have the ore to keep the mill operating for years to come, they should tell the investing community about it. If not, explore options to run the Barry ore.