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Bullboard - Stock Discussion Forum Melkior Resources Inc V.MKR

Alternate Symbol(s):  MKRIF

Melkior Resources Inc. is an exploration stage resource company. The Company’s operations include the acquisition and exploration of mineral properties in Canada. The Company’s projects include Carscallen, White Lake, Maseres Genex, Val d'Or, Launay and Genex. It holds a 100% interest in the Carscallen property, west of Timmins, Ontario. The Carscallen Project is located approximately 25... see more

TSXV:MKR - Post Discussion

Melkior Resources Inc > Results Long Wait
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Post by CaptainCrunchy on Mar 09, 2021 8:21am

Results Long Wait

These results better be good, otherwise it will be a total exodus of shareholders reaching limit. Maybe they hope we die of old age. Maybe Kirkland wants a nice and low price to come in and buy it out. Market makers and promotions... it hasn't served share holders any, I think it is serving the big players. I am afraid if good results we will get the gains scooped out from under us for little more than a song. Or the results will dissapoint after a long wait and crush every dime shareholders have. I doubt a great outcome for the little guys more and more everyday sadly.
Comment by Nukey on Mar 09, 2021 9:13am
Captain, While I hope your fears are dead wrong, if I am being honest, I have nagging doubts too. One thing in our favour thoughis that if the results are good, the Deluces own a huge chunk of shares and I would think that they avoid getting scooped for a song.  All I know is that I have owned this stock for far too long and it has brought me more stress than joy. Hopefully the results are ...more  
Comment by CaptainCrunchy on Mar 09, 2021 9:26am
I am confident they won't sell for nothing, they have as much to lose as us. They could get backroom deals and a nice cushy gig at KL to sign the dotted line. This much drilling, it does give some confidence that they are not doing it for nothing. I have also been in too long it bothers me, as many. If the results are not mind blowing after too long, it could still be sell on the news and not ...more  
Comment by bigdog37 on Mar 09, 2021 9:54am
Don't count on them getting results out in March.  When was the last time they did what they said they would do and in the time frame they said?  They are running it like a private company and they don't care what their shareholders think and want.  What are we going to do sell them our shares cheap?      It's absolutely ridiculous to wait 4 or 5 ...more  
Comment by CaptainCrunchy on Mar 09, 2021 10:13am
I agree in many respects to that. If the property is good enough for KL to come in that hard. If they had a tight ship, KL would have had to buy in at 1.5+. The terms outside the price i think are just fine, alot of the money is on KL to develop, but they got in for a some. I think the market makers they hired were to get volume up to drive price down for KL to buy up their 20% limit for nothing ...more  
Comment by CaptainCrunchy on Mar 09, 2021 10:16am
heck..... with our market cap and agreement to drill for 100 million. Should the property be worth nothing, it would be cheaper to buy us wholesale than finish the 100 million drilling to nowhere. If good, buy it cheap anyway.