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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 > ilov the ball and chain
View:
Post by goldhappy on Jul 24, 2018 4:22pm

ilov the ball and chain

At least 3 expanding mines and mill. No debt Loaded with cash Gold royalty will soon be gone And I have a nice chunk of shares These companies all take time but the pay off will make you very rich. I'm into my 3rd year holding and very happy how the company has grown.
Comment by BASTILLEDAY4U on Jul 24, 2018 7:44pm
The payoff for shareholders so far has been $ 136 million in losses, not sure why you don't understand this, I doubt $2,500 u.s. spot gold for several years would result in any earnings for shareholders. And company debt is $ 22.2 million, not huge for a gold mining company but with no profits, a big burden.
Comment by fruitvale3067 on Jul 24, 2018 8:51pm
Goldhappy, 3 years ago MTO had 357,000,000 shares. Today that equals 35.7 million. Currently MTO has Approx 120,000,000 shares fully diluted, WHick means your shares have been diluted Approx 250%. Meaning if MTO didn't do any PP's between when you bought and the sale of the company your shares would not be .73, but $1.83. This is what PP's do in the case of a buyout.  I can't ...more  
Comment by goldhappy on Jul 25, 2018 2:41pm
Bachelor......Barry......Gladiator Mines are dripping with gold resource Too much ore to be processed even after mill expansion......the alarms of profit are ringing loud and clear.....it is very easy for trained mining pros to see a soon schedule and budget far exceeding 2400 tons per day.  BTR is ramping up. Jumbo's Scoops and trucks tear away the rock in pursuit of gold ore. High ...more  
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