OTCPK:MEAOD - Post by User
Comment by
fruitvale3067on Apr 09, 2018 11:19pm
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Post# 27857005
RE:RE:RE:this stock is at its yearly LOW
RE:RE:RE:this stock is at its yearly LOW Why would anyone expand the mill and make more money"
They completely refirbished the mill years ago and haven't made money. Plus they haven't run at capacity since they refirbished it.
Not to mention they aren't going to actually earn the money from operations to expand the mill they are going to have to have dilute shareholds again to do that. If your looking at a buyout stupid you want fewer total company shares not more. That's why this news release only said they are going to start moving forward on mill expansion. But they never actually explain what "moving forward" means. If they have the engineering done, Then get it started already. They already know what they need. Start ordering the parts. Lets go. What are they waiting for? After all it's a gold mine right? They have been talking about Moroy and Barry for 2 years. Now they are going to start mining these two new areas plus Bachelor lake and hewfran and provide all this new ore and they haven't completed the mill expansion? Is it just me or is that backwards. Seems to me they would have had that done already so when they get these new areas open the mill was ready to go. This way they could have quickly payed off SSL on the streaming deal to get to the NSR and a much better chance of making a profit. But hey what do I know.