Metanor Resources MEAOD

something has to give

[wind00]

either a huge buy or a takeover.

if there have been shorts and they have to cover it could also get interesting.
nobody knows what is going on.

[ramblersrest]

Everybody talking about takeover but there is a poision pill ....The Streaming Royalty means the first 40 to 50 % of gold produced is at break even at best ....

[tomgranite]

Could the streaming royalty be bought back at a cash price?

[northofseven]

Why would Sandstorm sell their 20% of all gold produced from Bachelor mine. The more gold they find with drilling the better. Maybe they don't want a higher resource est. for the reason? If you where trying to sell.

[u2bob]

I think if anything Sandstorm would want to expand on the stream and maybe invest into a bigger stake holder of MTO... between Barry and all the small properties around Bachelor with plenty of high grade gold in this area could turn out to be the real large mining camp ...add in potential open pit blended ore and mill expansion MTO could turn out to have a very bright future ...IMHO

[ramblersrest]

Yes Sandstorm probably want to get their hooks deeper into this asset but it is not advantegous for the company or other investors ....

[LbinLoL]

A bright futur ? Yeah right! Cant you all smell it ? Before last PP the book value was 0,56$ per share.. after PP 0.15$ and they are proud to say it, that mto is undervalued with book value of 0.15$, wow! I cant wait to see the massive disapointment when financial report comes out. Let me tell you what to expect next. Another PP round, for drilling and mill expansion, and this is bad news for

[tomgranite]

They have the properties and mill for a bright future, but the debt and gold stream is strangling the company. Further gold stream and debt will bankrupt the company. PP will dilute the stock, more cheap warrants and a big sell off 4 months after issue. I really do think a takeover or merger with a company with cash who will clear the debts and make the operation profitable is the most likely

[ramblersrest]

They could probably get another loan from the Quebec government to expand production if considered feasible ....

[JRaffles]

The last share options awared to the director were at 10c and then it seemed that this was exploitive. The director may next suggest that they be awarded fresh options at 4c, as they may otherwise become depressed and forget that their task is to increse shareholder value.