InvestorsHub Logo
Followers 14
Posts 1545
Boards Moderated 0
Alias Born 05/02/2016

Re: molee post# 649

Saturday, 07/30/2016 1:56:01 AM

Saturday, July 30, 2016 1:56:01 AM

Post# of 778
'molee' I have owned several 10's of thousands for several months, but I had to pay ASK, to get the order filled. Today bid was at .069 & ask .078, I placed an order for an additional 8k shares at $ .074 & got ZERO.
IMO when you are a producer in a rising PM market, you have to pay to get shares & in this case, as far as Metanor goes, it always seems to be ASK, don't waste your time like I did, trying to save .004, you'll end up witn NO more shares, just like I did. The fact that Sprott has invested in Metanor, brings a lot to the table IMO. Comparable miners that are also producers & even non-producers such as Brazil Resources, are trading for several $'s per share, it seems to me that at 8C or 9C, this makes absolutely no sense at all, specially as they are expanding operations. According to Scottrade the O/S is 431.7M,
they produce 40k ounces of gold per annum which equates to $55.2 Million every year, not counting new operations in development. Someone will eventually wake up, as gold moves higher. GLTY Play it as you see it
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.