Post by
wind00 on Sep 09, 2015 8:26am
MTO continues to drill
I believe that is priority, not a share buyback.
Comment by
LiTeOn1981 on Sep 09, 2015 11:57am
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Comment by
lushlife on Sep 09, 2015 12:15pm
Waiting patiently for a takeover offer. With gold expected to rise in the new year, its not going to get any cheaper. Jmho
Comment by
northofseven on Sep 09, 2015 1:16pm
It's not going to get any cheaper??? No it wont , not until they consolidate there shares atleast 1 for every 2. It is the smartest move because they are stuck at 5 cents. They will only be attractive when under 200,000,000 shares. So I would speculate 7 cent after consolidation and before the new year?
Comment by
wind00 on Sep 09, 2015 1:25pm
so you believe they should consolidate so that the price can get cheaper? that makes no sense at all.
Comment by
LiTeOn1981 on Sep 09, 2015 1:57pm
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Comment by
northofseven on Sep 09, 2015 3:45pm
Yes LiTeOn that's what I meant. -They will probably consolidate -usually causing SP to slide some -Consolidation is there best choice for dealing with that extremely high float of shares. Its a lot cheaper then buying back shares. -What do they care about share holders? They weren't worried about you in the last PP. -This is only speculation on my behalf only
Comment by
tsoprano1 on Sep 09, 2015 3:50pm
Doesn't change float on a dollar basis. Somebody still has to buy the exact same dollar amount to lock up float. Just do a buyback and it will get rid of excess shares, shorters will cover and flee and market will look kindly on the company for being astute enough to buy when so far below book value. T
Comment by
wind00 on Sep 09, 2015 4:06pm
it would be great for the manipulators and shorters. mgmt has said several times they will not use financial resources to buy back stock at this time. how many times do they have to say it? it is as it is, if we like it or not. why bring this up again and again?
Comment by
LiTeOn1981 on Sep 09, 2015 6:13pm
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Comment by
wind00 on Sep 09, 2015 6:27pm
may I suggest you take it up with mgmt. they are all available. you have to be persistent calling. eventually you can talk to them. I do it.