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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 > re--funds are lined up
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Post by psych01 on Jun 13, 2017 2:06pm

re--funds are lined up

You paint a gloomy picture. There are many variables that could counter your view. MTO is a producer, this is the summer of discontent geopolitically --POG safe haven, and value unseen by you or in fact any of us could compel funds to stay the course longer than you think.  You seem confined to a narrow take.  You are right about one thing.  This sector attracts malefactors --and this is the value placed on retailers by the companies; pity the longs who think they are valued any higher.  Take empathy, pity, caring, warmth, compassion.  Throw them into the abyss.  Now think of something worse---you're getting warmer.  It is business.  The last PP--what was the prime moving principle.  Advancing the Barry property, ok a little.  Promoting MTO in general--ok a tad.  Think now 6%--bingo. Cynical?  I live and breath in the real world that's all.  IMO
Comment by brandy2000 on Jun 13, 2017 3:09pm
So the hold period for the Feb 24th placement is due to expire on the 15th of June..................So get ready to watch MTO have a bowel movement soon.............Hence, ready your sell Button................. "100,000,000 units at a price of $0.06 13,333,333 flow-through shares at a price of $0.075 each Each Unit consists of one common share and one-half of one common share purchase ...more  
Comment by brandy2000 on Jun 13, 2017 3:27pm
So at .99 those 100K shares offer a tasty 4 month return of 65%....They meaning any entity who bought other than Sprotty or KI will divest them all the way down to .75 at least......Getting ready for it.....
Comment by investedwolf on Jun 14, 2017 10:51am
The funds have been selling for a couple months and when you see a pre rollback offer of 1,695,000 shares at .99 it sends a clear picture of the funds intentions. Its been distribution to the retail buyers locking in the profits and keeping the warrants for upside potential. When you want to look at the future just look at the past. My guess if they donot come with some amazing drill results MTO ...more  
Comment by harleyonvacatio on Jun 14, 2017 11:24am
This post has been removed in accordance with Community Policy
Comment by brandy2000 on Jun 14, 2017 11:48am
I would not go so low, however .75 without any catalyst is certainly possible as we get into next week and beyond the recent PP closing date........Strikes me that the current timing of the flow through shares effectively replaces what the market will need to consume in the next few weeks.......Also the June timing is suspect IMHO in that the quarter ends on June 30. So, Wexy can lock in the 65 ...more