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Metallis Resources Inc V.MTS

Alternate Symbol(s):  MTLFF

Metallis Resources Inc. is a Canada-based mineral exploration company. The Company is focused on the exploration of gold, copper, nickel, and silver at its 100%-owned Kirkham Property. The Kirkham Property covers approximately 106 square kilometers and is located about 65 kilometers (km) north of Stewart, British Columbia, in the heart of the Golden Triangle's prolific Eskay (Sulphurets) Camp. It is located along a strategic geological boundary on the western margin of the Eskay Rift system and is prospective for multiple mineral deposit types. The Kirkham Property is within 20 km of the past producing Eskay Creek mine while the eastern border is within 12 - 20 km of Seabridge Gold's KSM deposits and Newcrest Mining's producing Brucejack mine. The Company’s Greyhound Property is a gold/silver target in Idaho, United States. The Company’s Greyhound Property is located in Custer County, Idaho, approximately 42 km northwest of the town of Stanley.


TSXV:MTS - Post by User

Post by NoMineron Jul 31, 2022 2:22pm
200 Views
Post# 34863227

WHAT'S HAPPENING

WHAT'S HAPPENINGDoes anyone know the background that caused MTS to issue the press release regarding the ‘exemption’ relied on by an insider to purchase $10,000 worth of units of the referenced private 
placement – is there a requirement that this should have been part of the original press release, or are they just being ‘sensitive’ – I’d appreciate your opinions/comments.
 
Another interesting development is the large trading volume last Friday.  I realize it may just be coincidental with the press release and part of the natural operation of the market – but on the other hand I’ve learned over the years to try to look a little deeper, as it often gives you a far better understanding of some of the more private inner workings of a company – anyone have any thoughts/comments?
 
Factually we know – someone was unloading at a cheap price – someone was buying at an equally cheap price – in essence the SP ‘went no where’.  I don’t have access to ‘Level 2’ and do not know any detail regarding these bids/asks.  
 
This is not meant to cast a bad light on MTS – I just like to know as much as I can about my investments, their asset base, and operational and administrative workings – I look forward to your input.
                                    IMHO                                      DYODD

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