Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Seer2020on May 01, 2017 4:46am
354 Views
Post# 26185778

Excitement

Excitementi have always loved the excitement of junior exploration.the reason for that lies in my 1996 windfall after Mountain Province Mining hit it big with the ak-47 diamond discovery at kennedy lake.i went from the outhouse to the poorhouse in a span of six weeks while sitting on a 1000000 share position that was trading 500000 shares per day in the $7-9 range for the better part of two months.i went from poor to rich stupid to brilliant and ugly to handsome in a heartbeat and the elevator ride from the stench of financial despair to the sweetness of recognition and adoration was sublime.it is also dangerous you suddenly start believing your own bs and tell the same stories at dinner parties far too often.but i love the exploration game because it is exciting it is a narcotic that stands third behind nicotine and heroin and beats the shxt out of horses and casinos.it is a venture based upon calculation while the track and the tables are ventures totally devoid of any calculation whatsoever.

most of the juniors that are in the GDXJ ETF are never going to get really cranked up because the vast majority are either in production or are close to it as developers.any exploration juniors that were in these etfs five years ago have been pitched because the managers couldnt take the heat from the cios any longer and are now hugging their favourite benchmark index which is like copying your best friends homework in order to impress the teacher.you can never be best inclass and the downside is that you get caught cheating.

the really big money lies in being a large shareholder of a penny miner that delivers a world class discovery like mountain province or diamondfields or diamet. my intellectual colleague and pal Bob Bishop was the absolute best newsletter writer of all time.he was and is painfully forthright meaning honest but his prowess as a finder of exploration successes is legendary. he delivered diamet to his subscribers in 1991 prior to writing the singular finest piece of research ever written for the average investor entitled Diamonds in North America. it was an encyclopedic history of the geology of diamonds placed brilliantly within a north american setting. it was written a mere eight years before the ekati mine went into production. it was before the feasibility study.it was written with such clairvoyant brilliance that i fear it will not again be repeated at least in the sense of the newsletter community.

the key to the cycle into which we are about to enter lies in the ability or inability of investors to look way beyond the nightmare of the past five years.bear markets enter like thieves in the night they move with stealth they are silent they are takers of wealth.they have plundered your cash box and had their way with your wife before you are able to awaken.bull markets however need no subtlety.they need only fuel the fuel of human greed and the fear of being left behind.bull markets begin with doubt and derision and skepticism which is the octane which sends them to cruising speed.this is where I think we are in gold and this is why i type these quasi delusional messages to my friends.the danger that we all have is looking at your 10000 shares of abc mining bought at an acb of $10 that now trades at $.85 and you get my deleterious buy signal and you now have a new acb of $5 and when you are finally onside at $6.00 you hit the bid and then watch it go straight to $15.you take all the risk and endure all the stress and settle for a kiss on the forehead. that is the greater risk for long suffering gold investors.

taking the example of Bob Bishops second win of the 1990s Diamondfields a Robert Friedland company that began as a diamond exploration promotion in labrador and baffin island but morphed into the mighty voiseys bay nickel discovery thanks to the sharp eyes of a couple of geologists flying in a helicopter.after the discovery was made the shares had a serious correction and the company was having trouble financing. everyone including me thought that Friedland had bagged them again and were heading for the exits so i averaged down just before drilling revealed the ovoid zone a massive nickel copper cobalt bearing sulphide zone that moved the needle in an enormous manner.once revealed this new zone propelled the stock price to all time highs and once i was ahead 50% i decided to take a well deserved profit in the $15 range. One year later after a 6:1 stock split  Friedland sold the voiseys bay asset to inco for over $40 per share $262.50 pre-split making my sale at $15 go on record as the single dumbest decision in my career.

so when these miners finally catch a serious bid and one that doesnt end with a whimper as every rally has since 2011 the natural tendency will be to grab any profits that present themselves.

today the gong show continues with kramer and gartman now flip flopping back to bullish so the candle of hope is now in the process of being formed.everyone that is thinking about getting positioned for the year end rally had better look again at the charts  once the oversold condition gets worked off the major trend will reassert itself and that is where the danger lies.dont get suckered by phrases such as relief rally or yellen bounce.the pious attitude displayed is a  perfect reminder of the smarmy self satisfied mindsets of the interventionalists that have used shameful deceit and unbridled lawlessness to distort and manipulate markets across the globe since the 2008 financial crisis.the great rotation out of financial assets and into hard assets has taken its toll on many and has taken longer than any of us expected to materialize.saving your fellow bankster brethren while rigging forex libor stocks and precious metals has earned you the position on the dartboard of rage.with my supply of rotting eggs and sharpened projectiles now topped up it is a good to know that THE GAME HAS CHANGED.

Metanor Resources Inc. will continue marching forward.when you least expect it expect it.

okay boysngirls im out of here…..continued success to you all who follow doubelieveidonts excellent commentary  as he will continue to keep you on the correct side of the trend…… and that in todays world is one hell of a result!
$CHEER$


<< Previous
Bullboard Posts
Next >>

USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse