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Melkior Resources Inc V.MKR

Alternate Symbol(s):  MKRIF

Melkior Resources Inc. is an exploration stage resource company. The Company’s operations include the acquisition and exploration of mineral properties in Canada. The Company’s projects include Carscallen, White Lake, Maseres Genex, Val d'Or, Launay and Genex. It holds a 100% interest in the Carscallen property, west of Timmins, Ontario. The Carscallen Project is located approximately 25 kilometers west of the city of Timmins, Ontario. Its White Lake Project consists of over 333 combined Single Cell Mining Claims and Boundary Cell Mining Claims with each Single Cell Mining Claim being approximately 20 hectares, located 15 kilometers northeast of the Hemlo Gold Mine operated by Barrick Gold Corporation. The White Lake Property is situated in the north-eastern portion of the Hemlo Greenstone belt. Its Genex Project is located 20 kilometers west of Timmins. The Company owns a 100% interest in the three mineral claims in Tiblemont Township, Quebec.


TSXV:MKR - Post by User

Bullboard Posts
Post by lukn4ron Dec 04, 2019 2:27pm
257 Views
Post# 30421928

Desperate

DesperateSorry to be critical but MKR management killed off the positive momentum on Carscallen by property hopping in the past.... It was plain and evident back then that the work they are completing at this time, should have been done immediately after their last significant efforts in Carscallen to follow up and ADD to the Excitement when they last tackled project in any significant way.  

Erroneously, IMHO, they have squandered opportunity and shareholders' patience by adding risk to their project porfolio and with their inexperience at juggling the PR for both, quashed the likelihood that you, a shareholder could enjoy a stock price much nearer to the upper teens than bottom feeding at $0.02 and $0.025 per share.

These favorable results are being used by funds to liquidate and exit their positions in an effort to get out completely or "rebalance" their positions in MKR.

Personally, I have great hopes for Carscallen but do not believe that under this team, it will ever demonstrate the premiums in valuations lesser assets have.
Bullboard Posts