Metanor Resources MEAOD

Why Not Both ...

[u2bob]

...I see no reason why MTO could not implement a strategy to put both in place a buyback plan as a defensive measure over a one year period ...and at the same time drilling is going on put forth an updated 43-101 on Barry and Bachelor ...as long as we are producing gold and expanding the resources ...this would be a win win for management and shareholders alike...and with gold going up and potential new open pit close to the mill...why would you not protect your company and share price from potential being raided on the cheap ? The Idea of building a company like this and then having it taken out before realizing it's potential... would suck to say the least ! the upside here with new shallow drill results could be the game changer that MTO and her shareholders have been waiting for...keep them drills spinning ...

 

Take care

Bob

[wind00]

u2bob.... MTO mgmt said several times there will not be a share buy back now. focus is on the current drilling program. also, if they are in a QP the company and shareholders cannot buy any shares.

[silverT]

focus pocus..........they should be able to walk and chew gum ! 6 to 10 would take out 100 M shares.....I like that idea

[pdcon1]

even an 8 million dollar loan to buy back shares would do wonders , but they must prove the goods are there with a fesability study first  , until then we keep crawling up to 10 cents anyway. A buyback would get us over 20 cents. Its nice to be a part of an exciting company now that is loaded with gold and permited.  

[ramblersrest]

A buyout at this low SP would be difficult as mgt and other shareholders would not approve .....The first offer would raise the price at no cost to shareholders and company .....Competing offers would follow thereafter ........There is , therefore, no need to spend precious cash to get the same effect ( higher SP ) that would happen automatically with an actual BO offer .........

[LiTeOn1981]

This post has been removed in accordance with Community Policy

[tsoprano1]

The purpose of a buyback is to sop up cheap stock. It is not a good deal once price approaches book value. All LiTe and I are saying is buying down here adds value instantly since you are getting .15 for .05. It stops the games being played to keep price down. It sends the message that management thinks we are grossly underpriced. Maybe they think this is a good price, who knows? But, months ago