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Bullboard - Stock Discussion Forum Metallis Resources Inc V.MTS

Alternate Symbol(s):  MTLFF

Metallis Resources Inc. is a Canada-based mineral exploration company. The Company is focused on the exploration of gold, copper, nickel, and silver at its 100%-owned Kirkham Property. The Kirkham Property covers approximately 106 square kilometers and is located about 65 kilometers (km) north of Stewart, British Columbia, in the heart of the Golden Triangle's prolific Eskay (Sulphurets) Camp... see more

TSXV:MTS - Post Discussion

Metallis Resources Inc > WHAT'S HAPPENING
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Post by NoMiner on Jul 31, 2022 2:22pm

WHAT'S HAPPENING

Does anyone know the background that caused MTS to issue the press release regarding the ‘exemption’ relied on by an insider to purchase $10,000 worth of units of the referenced private 
placement – is there a requirement that this should have been part of the original press release, or are they just being ‘sensitive’ – I’d appreciate your opinions/comments.
 
Another interesting development is the large trading volume last Friday.  I realize it may just be coincidental with the press release and part of the natural operation of the market – but on the other hand I’ve learned over the years to try to look a little deeper, as it often gives you a far better understanding of some of the more private inner workings of a company – anyone have any thoughts/comments?
 
Factually we know – someone was unloading at a cheap price – someone was buying at an equally cheap price – in essence the SP ‘went no where’.  I don’t have access to ‘Level 2’ and do not know any detail regarding these bids/asks.  
 
This is not meant to cast a bad light on MTS – I just like to know as much as I can about my investments, their asset base, and operational and administrative workings – I look forward to your input.
                                    IMHO                                      DYODD
Comment by Silverspot225 on Jul 31, 2022 8:34pm
Just a technicality. Nothing more. Insider participated in the PP. Large volumes on Friday suggest cleanup before we move higher up. Getting rid of a a pesky institution. These guys are only beginning. Up from here imo. KSM 2.0 Silverspot
Comment by NoMiner on Aug 01, 2022 2:07pm
Thanks SS, appreciate your comments - thought that it was probably an administrative issue, but nice to have it confirmed. So now we wait for 2022's activities and eventual results - at a MC of ~$9M the SP is certainly ready on a 'hair trigger' if there's any excitment.                                  ...more  
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