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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 > rabbit out of the hat
View:
Post by rdy2rumble on Nov 29, 2017 8:46pm

rabbit out of the hat

Today's news was not the best,, price held up better than I thought it would.. MTO and it's "team" are gonna need to pull a rabbit out of the hat to make today's news seem good.. I'm guessing ilove and crew are trying to figure out how to put a positive note on today's news.. what say you ilove,, is there something we missed in today's news that makes it better than it reads?? Look forward to reading how you read it.. thanks
Comment by fruitvale3067 on Nov 29, 2017 10:18pm
Rdy, read the MD&A on Sedar it fills in a lot of the specifics. Here's my summary, but hey I'm a basher.  Bachelor Lake - a lot of time was spent drilling and making ramps to the main vein and Moroy. Which cost money, espcially if your moving waste rock instead of mining ore. Bachelor lake looks like they are nearing the main vein going deeper so over the next couple quarters we ...more  
Comment by palfryville on Dec 07, 2017 11:43am
So fruity, by your own words it’s clear you have no integrity or credibility...
Comment by fruitvale3067 on Dec 07, 2017 1:35pm
Opinions vary....... However I'll disappear until the next quarterly report. Just couldn't resist after I mentioned a PP was coming a week or so before it happened. Number 27 in an 8 year period and 3 in the past 11 months. Talk about integrity and credibility. Later
Comment by BASTILLEDAY4U on Dec 07, 2017 2:47pm
Certainly not a great time to be adding debt, if Metanor couldn't make a profit in the third quarter, with near record gold prices, q4 going to be a slaughter house. MTO was well positioned to be the last man standing in a gold collapse scenario, not any longer.
Comment by tsoprano1 on Dec 07, 2017 3:11pm
B4U, I think you are missing the genius of putting more shares out there. Makes loss per share smaller, so bonuses can be bigger. Priceless. T
Comment by BASTILLEDAY4U on Dec 07, 2017 3:23pm
Never thought of that, I'm still a little wet behind the ears. Just learned last week the less shares available for trading a company has, the better the stock is to swing trade. Gold now $1242.50.
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