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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 > question...
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Post by trumpeduptickle on Oct 25, 2016 7:05am

question...

with 425 million shares outstanding, such an awful FRIDAY NIGHT earnings release, all the hundred messages warning what a bunch of "LO SERS" we all are....

why did MTO not plummet 25% to 33%? I was thinking it would hit 5 cents on volume of 20 to 30 million....

hmmmmm......
Comment by pdcon1 on Oct 25, 2016 7:28am
there will be a takeover of mto mainly for the barry property , and all this negative talk about mto has something to do with the takeover. the price of gold now should place mto in the profit margin as they also have 5 million oz of gold in the bank. By nov fourth mto should make a nice gain  when the pea is released . time to load up. as mto has losses from other years to offset  taxes ...more  
Comment by goldminer01 on Oct 25, 2016 10:45am
This post has been removed in accordance with Community Policy
Comment by ilovetojumpem1 on Oct 25, 2016 11:11am
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Comment by fruitvale3067 on Oct 25, 2016 2:12pm
Pdcon, who says there will be a takeover, You. That has yet to be determined. Most of the negativity as you call it has centered around numerous topics concerning MTO. Actually the only positive issue the bulls have been pushing is a buyout because that's about the only positive left.  As for the price of gold and profit margin, well that's not a given either, especially with ...more  
Comment by mstettler on Oct 25, 2016 2:45pm
It's hard to know what they have left as they pulled the 2016 financials from the web site.  I think they may have sold most of what remained during the most recently reported quarter because I seem to recall that there was very little left when I looked before. If anyone has a link to the current finacial statements I could find out for sure and post it here.
Comment by mstettler on Oct 25, 2016 3:01pm
Never mind, found them on SEDAR.   So we know that they sould approx. 2.3 million worth of gold held at the mint last quarter.  There is nothing on the year end or previous quarter's financials that specifically identifies gold held at the mint.  I can only assume that this is then included under cash and equivalents. The entry for 'materials, supplies, and gold in ...more  
Comment by goldminer01 on Oct 25, 2016 3:14pm
This post has been removed in accordance with Community Policy
Comment by LiTeOn1981 on Oct 25, 2016 7:08pm
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Comment by MISTERTRUTH111 on Oct 25, 2016 9:34am
HA- logins tumpeduptickle and Chateaux Madmon-The THING created these 2 new alias Stockhouse logins OCT.24,2016 to post here as pumpers. HA
Comment by mycashsgoesohno on Oct 25, 2016 9:48am
Because warrants are in the money they only need the .075 to profit nicely.What is becoming increasinngly apparent here is the organization it took to institute this bashfest.Iluv has been on the money.Your observation that the stock price didnt fall 25 percent plus tells the story no matter what these chameleons post.
Comment by MISTERTRUTH111 on Oct 25, 2016 10:02am
HA-The THING is back answering ITS own posts with ITS different alias logins.HA
Comment by ilovetojumpem1 on Oct 25, 2016 10:18am
This post has been removed in accordance with Community Policy
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