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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 > Is MTO being taken out ?
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Post by ramblersrest on Nov 01, 2015 11:50am

Is MTO being taken out ?

The investor of this PP can get 1/3 of the company for 4 mil .....A further 2 mil would pretty well get him over the 50% mark .....Jettison the management and BOD .....Looks like a good deal to flip it to OBM for a quick double and a steal for OBM ....
Comment by tsoprano1 on Nov 01, 2015 12:55pm
A buyout at .08 US and they can have my shares. Rescind deal and I may be back to being a buyer. I would hope this deal is enough to get every shareholders to vote out the BOD. After that management will be next with a civil lawsuit to follow them. T
Comment by Matagami on Nov 01, 2015 12:58pm
tsoprano: what you say is just words. Nothing will change.
Comment by Matagami on Nov 01, 2015 1:10pm
Since how many years these management members earns $ 200,000 a year? They must be close to had win 1 million each.
Comment by Ontario1 on Nov 01, 2015 1:06pm
I would not be surprised, if the PP is done in only a few days. For OBM this will be a great deal with cheap ounces of a producing company. 
Comment by u2bob on Nov 01, 2015 1:34pm
I agree Oban will offer shares for a takeover and hold there cash position ...even if Oban offered 15 cents in a share swap they would probable gain ten times that moving forward ...this is what they want to be a camp consoilidator and have a mill... Timmins was not going to work for them with Goldcorp and Lakeshore there...but Osisko is rooted in Quebec plus Wind and Barry propeties adjoinn so ...more  
Comment by goldminer01 on Nov 01, 2015 1:39pm
This post has been removed in accordance with Community Policy
Comment by u2bob on Nov 01, 2015 1:43pm
Remember how well the deal in Ontario worked for Oban WHEN TRYING TO TAKEOUT TME not so well...I think they will not sit around and wait for someone else to step just make a friendly offer and get it done !!! if they want to be a camp consolidator !
Comment by pdcon1 on Nov 01, 2015 3:20pm
u2bob  , some of the other posters sound like a lynch mob judge jury and hangman  towards mto . A few days ago most were thrilled with the new south corridor that extended  possibly from 6 m  to over  600 m and management  secures 4 million dollars to drill the hell out of this new zone . Not taking anything away from  Bachelor underground drilling that they keep ...more  
Comment by goldminer01 on Nov 01, 2015 3:42pm
This post has been removed in accordance with Community Policy
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