Post by
Aspen30 on Feb 12, 2015 4:07pm
From 0.28 to 0.06...
Hi guys! This stock is a bit stressful.. it's tempting to take the big loss and go elsewhere... The SP dropped from 25 to 15 cents to just 6 in a year. Is there anything big that explains this drop...? Maybe expectations were too high and 45000 - 50000 ounces of gold isn't enough? Or is it just the decline of the price of gold?
Are they trading their gold in CAD or USD?
I see that people look at the CAD price of gold to evaluate Metanor's finances. Well, the SP in june 2014 was around 14-15 cents and at that time CAD price of gold was 1380-1400 $... now the CAD price of gold is 1525 $! Shouldn't the share price be at least like in june 2014? Why is it so low? is it a bad momentum? can the momentum turn?
Are you optimistic about this stock? What kind of news do we need to shake this momentum and lift up the SP?
Comment by
Matagami on Feb 12, 2015 4:21pm
I think you should put your money in an another stock.