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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 > Careful
View:
Post by gatorone on Mar 22, 2016 7:25pm

Careful

I own a lot of shares & have held most of them for a long time; Sold some recently to take some profit. Mangement has a history of poor performance & missing targets. Perhaps this time will be different, but projections of huge gains are, at this point, without much solid basis. The recent rise in price is nice, but without good news about drill results or higher increase in $gold, there isn't much to drive the price higher except rumors.
Comment by fruitvale3067 on Mar 22, 2016 9:19pm
Thank you Gatorone for some objective insite. With the higher price of gold, higher grades and lower Canadian $$$ Metanor better start showing a profit and quickly I might add. They have managed to weather the storm in the commodity collapse, and pay off debt. However they are clearly not out of the woods yet. Yes there are some promising drill holes but a lot more than that is needed. I suspect ...more  
Comment by mstettler on Mar 23, 2016 12:16am
Good, rational post.  Another member that is thinking for themselves.  MTO still has a lot of debt however.  8 million in convertible debentures plus 4.3 million in deferred taxes.
Comment by LiTeOn1981 on Mar 23, 2016 8:07am
This post has been removed in accordance with Community Policy
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