Metanor Resources MEAOD

Wow...Now that's how you do it...

[u2bob]

....MM building up the war chest at OSK they just fininshed raising 25 million not to long ago not bad for a non producer ...stock up a dollar ... in the last week or so...wonder if something is in the works this month in the Barry area ...cash and share price up ...and gold

1,737.50+11.03  wonder if MTO should just become an exploration comany like these guys... just gives you a little insight too how markets value shares...nice market cap for an exploration company and good for them...lol...believe what you want but average retail shareholder gets frustrated sells ...when listening to the likes of FRUIT and the bash crew ...so do your own DD and decide if 9 cents is a good deal for your shares ... and good luck with whatever you decide have a great weekend....

Recent Trades - Last 10 of 374

Time ET	Ex	Price	Change	Volume	Buyer	Seller	Markers
10:21:19	T	3.00	0.02	600	27 Dundee	79 CIBC
10:21:19	T	3.00	0.02	100	27 Dundee	1 Anonymous
10:21:19	T	3.00	0.02	200	27 Dundee	53 Morgan Stanley
10:20:50	T	3.00	0.02	300	27 Dundee	7 TD Sec
10:20:50	T	3.00	0.02	4,100	27 Dundee	79 CIBC

Osisko Mining arranges $27.5-million bought deal

2016-09-09 09:44 ET - News Release

Mr. John Burzynski reports

OSISKO MINING INC. ANNOUNCES C$27.5 MILLION BOUGHT DEAL FINANCING

Osisko Mining Inc. has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy, on a bought deal basis, by way of private placement, 10 million common shares of the corporation, at a price of $2.75 per common share for gross proceeds of $27.5-million. In addition, the corporation has also granted the underwriters an option, exercisable up to 48 hours prior to the closing of the offering, to purchase up to an additional 15 per cent of the number of common shares purchased pursuant to the offering.

The corporation intends to use the net proceeds of the offering to continue exploration and development of the Windfall Lake gold project and for general corporate purposes.

The offering is expected to close on or about Sept. 27, 2016, and is subject to Osisko receiving all necessary regulatory approvals, including the approval of the Toronto Stock Exchange.

 

[goldminer01]

This post has been removed in accordance with Community Policy

[fruitvale3067]

Bob, don't you find it odd that will all the recent transactions Osisko Mining and Royalties has undertaken in the past year that this is just another overlook/snub of MTO by them? MTO is ripe for picking. The stock is cheap, Sprott ownes shares of both, you have an operating mill, grades are increasing at Hewfran, they are about to post the best quarter in over a year and a half, you have a

[longshot52]

MTO is ripe for picking. The stock is cheap, Sprott ownes shares of both, you have an operating mill, grades are increasing at Hewfran, they are about to post the best quarter in over a year and a half, you have a Barry PAE about to hit, you have a new known deposit at Barry, and the company is promoting itself as a acquisition target. What's not to like right? Osisko could have simply bought

[pdcon1]

osisko and mto own gold in the same system  and mto is virtually unexplored  and are the only producing mill in the area  within 100 k.   osisko is just trying to wear out mto and could be part of mto depressed share price . Osisko is not fooling anyone they will not put out 1/2 a billion dollars to build a new mill as they will eventually need one to commence mining along

[LiTeOn1981]

This post has been removed in accordance with Community Policy

[u2bob]

I agree we should not need Osisko ... but that has nothing to do with what Osisko wants....and that will be Barry property and mill ...once we prove up the PEA and drilling on Barry add ounces...it will be gone !!! Simple Barry will connect Windfall with Souart property over 15 km of gold camp ...then you can throw in BTR and others in once they are up and running ...and there you have it your

[fruitvale3067]

Wow bob that is quite a change from a couple months ago when you were confident MTO would be bought out by the end of summer . Which by the way is 12 days from now.

[goldminer01]

This post has been removed in accordance with Community Policy

[mstettler]

When a deal is announced (I'm not talking about MTO in particular - any deal with any company) the shares will trade at the valuation offered by the aquiring company minus a small discount for the uncertain nature of whether the deal will close. For example if company ABC makes an all stock offer for company XYZ for a 20% premium to the trailing 20 day average of XYZ shares they will trade at

[PMInvestor08]

This post has been removed in accordance with Community Policy

[mstettler]

I woudn't say 43% is typical.

[mstettler]

If you are referring to the windfall lake project, the PEA outlined 240 million in capital costs.  Most of this is for mine development.   Not to doubt you lite, but I don't recall anyone questioning the original announcement of the moroy drill programme, including myself.  Please post a link to your statement on this.   The original 6 intercepts from surface looked very,

[MISTERTRUTH111]

Good to read realistic, informative assessments instead of the comedic, foolish posts by the sad pumper using his multiple aliases and responding to himself.

[goldhappy]

Agnico Eagle and Yamana are 50:50 partners in the Malartic Pit feeding a 55000 today mill at a grade just over 1 gram per ton gold with a silver stream to boot. They produce over 500,000 Oz of gold and even more silver and expanding every year. The resource/reserves will take them to 2026 then what? I see them scooping everything possible. The Barry mill is far too small for the volume of feed