Welcome To The Metanor Resources HUB On AGORACOM

Metanor (MTO-V) is a new Canadian Gold Producer located in Quebec. It reached commercial production on December 1, 2013 and will produce 50,000 oz in calender 2014 with a present all-in cash cost of $1,018US.

Free
Message: Financials

Financials

posted on Oct 25, 2008 11:04AM

Remember those are ending June 30th - a lot has changed since then.

It's tough to watch this market... I'm down a ton on MTO - average of 85 cents, so down 60%. It's also tough to say where the market is going. All the calculations and forecasting a person did earlier this year is out the window. It's a bit frustrating...ok a lot frustrating when a person takes time, money and effort to reseach a company - even to the point of visiting the mine site - and then has to watch as a great opportunity like MTO gets hammered and their investment evaporates because of unrelated economic conditions... yes I know I'm whining. Has anyone talked to management lately to get a feeling for where they're at? I think I'll call next week and see if anyone there can give me some peace of mind.

Also, when things start to stablize and recover, the majors will see the biggest gains... it'll unfortunately take much longer for the juniors like MTO. However, hopefully MTO can continue to position themselves well for the eventually recovery so that when the time comes they merit a significant increase in evaluation.

Is anyone else surprised there hasn't been a bigger shift to gold during the past few months?

It's stunning that anyone is selling MTO this low... I guess they're trying to prevent further loss... I said the same thing at 70 cents, 60 cents, 50 cents and 40 cents...



Share
New Message
Please login to post a reply