Metanor Resources MEAOD

News

[btrevorb]

Some say good some say bad, without any real detail it's impossible to say other than they need to do more drilling to prove up this anomoly.  All in it appears to have lower g/t than feasable and would consititute creating a new shaft etc. which is not a reality.

More importantly (as usual) is what was not said.

1.  No production report for last month 
2. Metanor plans to concentrate it next surface exploration activities in this sector which present the best discovery potential on the Bachelor Property.

Read it carefully "the best discovery potential", not a good thing at all if they are to expand the resource.  All those drill results everyone has been waiting for have now been confirmed as lower grade than these fairly dry holes.  Looks like no extension to mine life until post 2016 and additional drilling.

[wind00]

what a hoot you are. thanks for the entertainment.

[Matagami]

Disappointing, it is not the news that everyone was waiting for.

[hardasset]

Apparently somebody likes the news, or something about this company. We are off the floor. Open questions, if they can sell 66 million shares at 6 cents (plus the warrant) how is this not a buy at 4 cents? Is the warrant worth 4 cents? Are the shares undervalued?

[btrevorb]

Undervalued, oh contraire. We are talking about 20-25% dillution of the entire company to complete a single short term financing.  A financing worth less than the value lost in the last quarter alone. (Now that's short term)  Overvalued by 50% maybe, Undervalued, not a chance.  

[pdcon1]

if your gung ho on dilution  for mto  is overdone at 4 cents , should be a lot higher  more like 8 cents and a bit higher . talk about dilution with the american dollar since 2008  they have created 4 trillion more fiat dollars and the dollar keeps appreciating , must be the new fed math they didnt teach us in school. famous last words are do as i say , not as i do  , this

[btrevorb]

I am not gung ho on dillution, management is. If I had my way MTO would still have 68 MM shares, their complete lack of ability to execute on promises has lead to the projected 400 MM shares in a few short years. Selling future profits for quick money today, not to mention failing to produce what they promise. And NO they have not successfully secured the PP which may lead to conditions

[LiTeOn1981]

This post has been removed in accordance with Community Policy

[wind00]

no they haven't, but they must since this is a debenture. MTO is not in charge of this deal. it's the banking/finance criminal mafia. they would like to see the financing as low as possible and won't do anything to accomodate the company. this is all about the money junkies. JMO

[LiTeOn1981]

This post has been removed in accordance with Community Policy

[Matagami]

THERE IS SOMETING FISHY WITH THIS PRESS RELEASE Normally, the first two numbers of a surface drill hole indicate the year it was drilled. If you look the press release this number is 13. This would mean that these drill holes were made in 2013.  This raises many questions ? Metanor Resources Inc.: New Gold Corridor at Bachelor Mine VAL-D'OR, QUEBEC--(Marketwired

[btrevorb]

Good eye Mat, it appears the entire drill results of 2014 have been omitted.

[Matagami]

Why publish in 2015 a discovery made in 2013 ? This discovery was considered uneconomical in 2013 and that is why they had not published it. Why not have published the numbers of  February instead ?  Hummmm...  I think they needed a shock treatment to raise the share price at 0.06 to fill the PP.  The numbers of February would not have this effect.