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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

Comment by CaptainCrunchyon Mar 21, 2021 6:41pm
160 Views
Post# 32847730

RE:Well....

RE:Well....
they run on Melkior time, and I have 0 faith results will be out when they say. They should have said near future, setting end of March seemed like a promise that is line in sand they can't keep. Additional drilling they may have placed a rush, but at best it will not be all results at once I think if they bring news in March. I am still optimistic the results should be reasonable, they did keep extending the drilling, not convinced they will be stellar. They didn't have to issue a ton of dilution with KL paying the bulk here, which is great. Unfortunately, their shareholders, from what I gather, are frustrated and ready to sell shares that the lack of volume have made impossible. It frustrates me that we may find ourselves with more selling pressure than buying pressure regardless of great results. What could be amazing returns may be cut in half by alot that just want out on no float, good or not. I wouldn't be surprised to see an excuse for a private placement, just so big boys can get first crack at new shares and it will be a win at the expense of the retail. Between what KL owns and will get to 19%, the 50 deluce holds and private placement big money....retail is not going to be as rewarded on a great find as we should I feel. Hopefully, this debate ends soon and the wait is over. Good luck to you all
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