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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 > proposed takeover of mto
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Post by domdom03 on Jul 23, 2018 10:12am

proposed takeover of mto

the proposed takeover of .73 cents is a total rip off benifiting sprott and major shareholders. The mill alone and adjoining properties are worth much more than this amount. Ilov and heystupid you are out to lunch saying this takeover is just. i am a long time shareholder in mto and expected a much better offer than this.Sprott and his henchmen have a big stake in both and are double dipping at mto shareholder expense. do you not agree that they are low balling this takeover
Comment by domdom03 on Jul 23, 2018 11:28am
would it not been better is mto was taking over btr, mto has less shares outstanding and have prized mill. i think sprott and company make more money on this deal. does anyone know how many shares spott has in btr as apposed to mto
Comment by domdom03 on Jul 23, 2018 11:41am
also would this deal be illeagle as sprott and company are invested in both, im sure they are getting better returns than ordinary shareholders.
Comment by tsoprano24 on Jul 23, 2018 12:52pm
Dom, you are catching on. Sprott didn't get to where he is by worrying about shareholders. He has a plan, which team idiot think they know. To some extent they do. They just have the numbers wrong. Sprott will do with btr what he did with MTO, PPs and reverse. When price is low enough, he will buy out btr either thru another of his companies or take it private. Since dilution is in the future, ...more  
Comment by heystupid on Jul 23, 2018 3:12pm
This post has been removed in accordance with Community Policy
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