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Bullboard - Stock Discussion Forum Metanor Resources MEAOD

Metanor Resources Inc is engaged in the production and sale of gold as well as acquisition, exploration, and development of mining properties. It projects include the Moroy Project and Barry project among others.

OTCPK:MEAOD - Post Discussion

Metanor Resources > Changing Management
View:
Post by miketrike on Oct 31, 2015 6:32pm

Changing Management

In order to change management you need a powerful shareholder who owns many shares to put pressure on the board of directors.

Looking at MTO ownership, I see that Sprott sold all shares so after that

Precious Capital owns 8 million which makes them the largest shareholder
Sentry owns 2.8 million

With 360 Million shares OS these numbers are a drop in the bucket.

[url=https://quote.morningstar.ca/Quicktakes/owners/MajorShareholders.aspx?t=MTO®ion=CAN&culture=en-CA]https://quote.morningstar.ca/Quicktakes/owners/MajorShareholders.aspx?t=MTO®ion=CAN&culture=en-CA[/url]


Who knows if they still own after the high volume dump a few days ago.

Metanor will keep the same management until this company makes it or folds. There will never be any change other than due to illness or death.

This company exists soley to provide employment for its management.

The presentation on the website is over a year old. That is pathetic. I would never buy into a company that doesn't update its presentations. What are they trying to hide.

Two or three posters on this board are either paid or delusional. This company has zero respect for shareholders. They spend tons of money drilling yet don't even update reserves.
They drill here, there, everywhere, haphazardly, hoping to find one good intercept to then hype to get more PP funding.

The mill is worth very little in it's location if there is no economic ore in the area.
Barry is not worth anything at current gold prices. There are plenty low grade deposits such as Barry out there and they are all pretty much worthless today.

If you haven't done so already, please read the following post from Otto at IKN a few years ago.
Otto is an industry veteran and sums up Metanor perfectly.

https://incakolanews.blogspot.ca/2013/02/metanor-mtov-mailbag.html
Comment by woodscountry on Oct 31, 2015 6:53pm
As memtioned before, it is time for the owners (shareholders) to take back the company before management (whom we pay) runs us into the ground and find out what is exactly happening to our company. Vote at the annual meeting for a change, if we can change the Feds we can change our management, we own the company not management. 
Comment by ramblersrest on Oct 31, 2015 6:56pm
SP was over 20 cents in Feb 2013 when Otto wrote that it could go up by a lot ......There was record high volume in 2015 increasing as the year progressed .....MTO is a candidate for takeout recently in view of OBM activity ....Now with this new super zone discovery there is an added catylist for a major recovery .......
Comment by wind00 on Oct 31, 2015 9:08pm
sprott was a large buyer of this pp... we have to wait for official comfirmation
Comment by miketrike on Oct 31, 2015 9:20pm
"sprott was a large buyer of this pp..." How much do you get paid to post lies like this? The PP just opened and might not even fill, yet you know that Sprott has already bought in? Sprott wants nothing to do with this company, that's why he dumped all his shares. Like I said, 2 or 3 posters on this board are being paid to post and wind00 is one of them.
Comment by wind00 on Oct 31, 2015 10:48pm
you do not know the facts..... i wont respond to your allegations and lies.
Comment by LbinLoL on Nov 01, 2015 1:24am
If sprott would be for real... id be very worried.. hes not rich for no reason. Hes got deep pockets.. hes not the kind that invest to make everyone happy... hes the kind to let the co drown and then buy it for almost nothing, losing millions in the process but end up with the entire project, and of course wiping out all previous shareholders.
Comment by Micanushi on Nov 01, 2015 7:30am
You dim wit, Wind00 is not a paid poster. All dreamers here. Wind00 is my friend and a real person. Losers. This stock will never see anything above 0.05 ever again until a reverse split is done, then you will see the SP back to 0.50 or 0.60 because of the reduced shares in the company. Then it will slowly start the decline again, as more PP's start all over again. Micanushi
Comment by tsoprano1 on Nov 01, 2015 12:37pm
Wind, you come up with a lot of apparently unconfirmed statements. Just where are you getting this and why can none of it be confirmed? Do you work for company?  T
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