OTCPK:MEAOD - Post by User
Comment by
fruitvale3067on Jul 20, 2017 2:24pm
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Post# 26491817
RE:RE:RE:.594 on pinks
RE:RE:RE:.594 on pinkstsoprano, I don't know if Jumpem will be right or not. I'm not willing to bet on MTO at this time. If this is a long term play there is plenty of time for many things to go both right and wrong. I've been around this stock for 4+ years waiting for something to happen. I'm not willing to take head long leap just because of Sprott. and new management. Just because those two things have happened doen't mean this is automatically a 5 bagger. I need to see consistant results. One or two quarters with extra sales from mint reserves isn't going to do it. Drill results have to also get a lot better then they have been. It's small operation that has struggled to survive since they started mining bachelor lake, while closing down Barry which is now going to be the savyor, and now all of a sudden they are talking growth.
I believed Mariana Resources was a better company to own 13 months ago and sold MTO to purchase shares of it. That was a successful move. I also believe EGI has much greater possibilities, however time will tell and that's just my opinion. Someone else maylook at it and may not think so and that's OK with me if they choose not to invest (their choice) So far it's been a good move. I'd be still waiting for the paint to dry on MTO if I would have stayed.
Also, as I have stated many times I'm not a fan of making recommendations on the Bull Boards. These message boards should be used for entertainment purposes only. Thats why you don't see me making recommendations on stocks. If for some reason I mention one and someone wants to look at it great, but at no time will I try and convince anyone to buy, that will be up to them based on they find looking into the company. .