Metanor Resources MEAOD

Why Management Buying Now ?

[u2bob]

1 - Moroy ?

 

2 - Barry ?

 

3 - Mill and Infrastructure ?

 

4-- Price of Gold ?

 

5 -Takeover ?

 

My guess is all of the above ...with gold climbing and potential of millions of ounces on the line ...greed becomes a big motivator for companies and all investors...Management not owning many shares will not want to be caught with there pants down... if a takeover bid comes in....and who better than management to know if a company is showing some interest...

 

Sandstorm Oban with Osisko backing should be the one and two most likely candidates...Sandstorm has grown a lot in the last few years so for them to pay 15 to 20 cents Canadian would be nothing to takeover the works ...they know the numbers !

 

Oban Osisko are looking to become a Consolidator of the area but with no mill their share price has been stuck ...they need to become a producer soon!

 

Plenty of good reason to be buying discounted shares in a company that could be worth billions once gold is factored in...who will strike first with the share price being held down and all...lets hope gold keeps its upward trend...Have a great weekend everyone...

[Matagami]

To have us believe that all is well.

[Micanushi]

only reason why that other loser bought 1 million shares is becuase he sold the HECK of alot of his shares at 0.30, 0.20, 0.10 don't think he had spare change. he is just buying with the FREE shares he sold.

[tsoprano1]

But he is buying. Sat on their hands for a long time. Good to see some actual buying. T

[hardasset]

Good points Bob.

[JRaffles]

The danger is that RP has lunch one day with the likes of SSL and were are told that the mine, infrastructure, 1m ounces etc has been sold for 10c a share - akin to the LSG takeover scenario with TAHO. with regard to directors buying shares .... How is it viable for Coffin to be buying, as in the past he was selling at every opportunity and the reason given on this board was that he had to sell

[Highwired7]

Pretty simple really, management knows something very positive prior to release.

[Matagami]

I dont think they know something. They only speculate.

[Highwired7]

We'll see, won't we.

[Micanushi]

you are all forgetting the majority of insider buys the 1.1 million is because the loser insider who sold his FREE never bought shares for 0.30, 0.20 and 0.10 is now using his FREE money to buy back his FREE shares he was given for doing such a great job back at this low price. M.

[Micanushi]

forgot to add. The loser insider who sold his shares for $300,000 and now bought back for $50,000. You guys make it out that this great insider spent his own money. He bought back his shares and now is a PLUS $250,000 in his account. So not really a loser, SMART Loser. M.

[wind00e]

everybody can do it.

[pdcon1]

He sold shares in a gold down trend and now bought back , whats wrong with that everyone does that  . 

[pdcon1]

mto is on three fronts now because of the higher gold value  . 

[Micanushi]

you think that is normal for an insider to do that and take down the company value? then you are not normal. everyone in the free market who spends their own money should be able to do that. but insider showing no confidence and bringing the sp down should not be done. again. he never spent a penny of his own money. FREE shares FREE money. LOSERS

[BenderAlex]

Micanushi, its NOT FREE shares, he got them because he's director of the company, in other words he got those shares in exchange for his labor same as his salary.. However, I don't think he did the right thing by selling them at a higher price and buying back at A LOT cheaper... But the fact that inseder bought 1million+ shares gives a hope that what management is talking about one day

[Micanushi]

He sold his FREE shares for $300,000 and spent $50,000 to buy back. Means nothing. He got  his shares back and  pockest $250,000 of FREE money. He didn't use his own  money. If he did it would mean something way more important. This company is too diluted to more up too much. And the next PP whenever it comes will totally destroy shareholder value.

[romara]

Micanushi.... There is nothing you can do...they are the managers, the BOD set's the pay and stock options ....nothing is free...... They get paid for what they do.....and if as a shareholder you don't like that .... nobody forces you to hold a position in the company...you sell and move on ... this is not a game where you say "this is not fair" ...you live with it ....you roll

[witsguy]

lol the return of honest Ronnie perhaps? To improve the "story" as the phone boys love to say? too funny... no technical report on Bachelor and a 1 g/t at Barry where the neighbours grades are over 7 g/t.... good times on the vulture "exchange"

[wind00e]

Mic... maybe you should ask someone with a Retirement Acc. I believe for tax reasons they must sell a certain amount ever so often when they reach a certain age.  they can buy back into a regular account. FWIW

[goldminer01]

This post has been removed in accordance with Community Policy

[romara]

If any Insider buys, or sells the company stock before any information is made public, they  could be prosecuted under the securities laws, and could possibility be banned from an excecutive position in a public firm for life .....  Richard