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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

View:
Post by u2bob on Dec 21, 2015 11:10am

Profit

If the company cant' make a profit at  ...
1,505.52 +20.99

At this price it starts looking attractive as a takeover target ...if all in cost were $1451.00 last Q I cant see how they would not make a profit this Q ...but more important is an experencied miner could probably do beteer than that and see some real profit margines when the price is over 1500 and the share price is below .04 cents ...it looks like a screaming deal for a producer ...I think we should find out sooner than later if the price of gold keeps heading up ...this company will be taken over...IMHO
Comment by romara on Dec 21, 2015 11:19am
Don't even think about it.....they could come in right now, and offer a 10% premium of the last 30 days trading price. Majestic Silver does it that way ...... Industry standards ....... Richard
Comment by u2bob on Dec 21, 2015 11:26am
Richard I think you would see an offer more like .08  to .10 cent range and not in cash ...but in a share swap ...IMHO
Comment by wind00e on Dec 21, 2015 12:00pm
guys.... forget it. that won't happen. some posters here are so full of disappointment, negativity and even hate for MTO, you can't see the facts. the market looks ahead, usually. you need an open mind! GL https://www.youtube.com/watch?v=3KK6sMo8NBY
Comment by romara on Dec 21, 2015 3:54pm
I just hope this market turns to the better, before any deal is brought in ..... a lot of properties out there are greatly undervalued .... just look at MMY.V ..... probably more cash in the bank then what the share capital is valued at....  and producing gold for about $400/500 per oz......... Richard
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