Post by
niceguy767 on Oct 30, 2015 7:19pm
Today's Thoughts
The least desireable action was to issue yet another wildly dilutive PP and is one taken only as a last financial resort.
This wildly dilutive action confirms that MTO's Bachelor mine is unprofitable at current production and POG levels a conclusion which will become all too apparent when we see Sept. 30 results.
The bevy of positive NR's in July and August were unsuccessful in eliciting any alternative financing arrangement.
The recent focus shift to Hewfran is a last dirtch effort to revive MTO financials from the ashes.
MTO is down 3 runs with bases loaded and 2 out in the bottom of the 9th with their no. 9 hitter at the plate from a financial perspective. Not a totally impossible situation but odds are stacked against their getting back in the game unless they can pull a rabbit out of the Hewfran hat!
Comment by
goldminer01 on Oct 30, 2015 7:57pm
This post has been removed in accordance with Community Policy
Comment by
LiTeOn1981 on Oct 30, 2015 8:00pm
This post has been removed in accordance with Community Policy