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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 > Earnings
View:
Post by Jim123 on Feb 26, 2016 8:08pm

Earnings

If you factor out depreciation and depletion cost and the cost of exploration drilling we broke even.We just need 6 plus grams per tonne to make a profit.Money at the end of December will cover maybe 35000 metres of drilling .I don't remember seeing a lot of results on 18000 metres drilled last quarter.
Comment by LiTeOn1981 on Feb 26, 2016 8:17pm
This post has been removed in accordance with Community Policy
Comment by wind00e on Feb 26, 2016 8:29pm
LiTe... give them enough time. MTO will give us drill results soon. with current price of gold and $exchange, the situation will be different going forward. if you believe in what you posted, better sell in a hurry at 7cents. I will not sell. GL
Comment by wind00e on Feb 26, 2016 11:19pm
Jim, I agree with what you say. MTO will be fine, let's look ahead to the coming good drill results and the rising gold price. the market is all about the future. the market is starting to notice MTO. let unhappy shareholders sell and get shares into stronger hands. I will keep my shares. GL
Comment by victor0987 on Feb 27, 2016 8:29am
Lots of pumpers here, and very few realist.  First .... Management is not to be trusted, past, and present actions have reinforced that over & over & over ..... Second .... As of Dec. 31 the company had $1M in the till, as of today they have negative money in the till ..... Where's the $ coming from to pay the bills?   Third ...They say the ongoing drilling campaign ...more  
Comment by LiTeOn1981 on Feb 27, 2016 8:33am
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Comment by MAZZMEX on Feb 27, 2016 12:28pm
Because the only money bleeding is shareholders money and MTO sure has proven time and time again that they do not care about that...Mazz..
Comment by wind00e on Feb 27, 2016 12:44pm
MAZZ.... this is how juniors get funding. all juniors. risk and reward. should MTO hit big, we won't look back. anything can happen. none of you negative posters thought we would go to where we are now. you sold, so give it a rest..... or do you want us to feel sorry for you selling at 6c and not at 7?? geeezzzzz
Comment by MAZZMEX on Feb 27, 2016 1:31pm
Wind, Perhaps my writings could show you that you have a chance to exit at a higher price than I did.. The stock was .035 not long ago and now trading 100% higher. Not bad, not many stock running 100% in a month or so.. I find it interesting that nobody has said a word about those 65 mil shares that will become free trading very soon.(march 6th and 19th) We are not taking about 5-10 million but 65 ...more  
Comment by MAZZMEX on Feb 27, 2016 1:43pm
Obviously in my GLH example there was other factors that contributed to the onslaught in the SP but the downfall started there. Nevertheless I have presented my point here and I will not post again on the subject...Mazz..
Comment by wind00e on Feb 27, 2016 1:52pm
MAZZ.... I am very much aware of that large amount of shares becoming free trading. after much thought and discussion I believe that a great number of those shares may have been sold/traded already. the big boys have ways to get this done. we will see. the price of gold and new drill results will also have an impact. nobody can pick the low and the high perfectly. timing and luck also help ...more  
Comment by pdcon1 on Feb 27, 2016 2:43pm
the last month around 40 million mto shares already traded and we climbed up  from 2.5 cents  to 7 cents .  There is a pdac conference  happening  beginning in march  so there may be  pile of buyers waiting to get in , The most important moroy drilling will be out  soon and gold is still working its way up  . If there is any dumping it will be at a ...more  
Comment by tsoprano1 on Feb 29, 2016 6:48pm
Mazz, don't worry about the 65 million shares. They have been out there since the day they signed the paperwork. This has been discussed here before. There is no way, no how, that they wait till they become free trading. They short against the box with the full knowledge and permission of the idiots at the helm here. They want the money so bad so they can keep the game going that they are not ...more  
Comment by PMInvestor08 on Feb 29, 2016 10:14pm
This post has been removed in accordance with Community Policy
Comment by tsoprano1 on Feb 29, 2016 5:52pm
"Why mine all this gold if it is only to bleed money." come on, LiTe, you know why. Pay their salaries. These guys are pathetic. Even buying off the market to make it look good. No doubt will sell in a trust account that doesn't report. There is no doubt in my mind Moroy is another scam like last drill program. Pump us up and then do a PP. I could not believe how much it is costing ...more  
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