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NEWS OUT: MEAOF announces positive PEA on its Barry Project. NVP of $53.50 & IRR of 198% before Taxes. Abdaaa, abdaaa, abdaa, that's all folks! GLTA. Play it as you see it
'shotgun' If indeed the buzz turns out to be correct, they are SPECULATING that the buyout would be around 40Cents P/S in MEAOF. This of course, is much better than the present worthless 7Cents valuation that makes little sense, but is probably related to a "Me-First" style type management. GLTA. Play it as you see it.
what could we get on a buyout..anybody expecting 10 or 11 cents.as in most cases they usually pay a 30% premium?
'molee' The intended takeover Co. appears to be Osisko
Mining Co., however their stock has NOT been halted, trading @ $2.55U.S. presently. They have projects in several regions of Canada, but it does not appear as far as I can tell, that they are currently producing{mining gold}. Again, this is just the buzz talk in Canada, NOT definite news. Let's see if this time MEAOF releases another brain fart or the buzz is for real! GLTA. Play it as you see it.
Thanks for the "heads-up" Shaark ....
Was starting to go into cardiac arrest ... NOT ANOTHER ONE ! ! !
Good luck in your trading .. >> M
'molee' last time the stock was halted, turned out to be nothing more than "farting in the wind". The boys in Canada are saying that this is just a repeat of the same, however, there are those that are suggesting that it could be be a buy-out, since it appears that MEAOF has been in talks with another mining co, which the meeting appears to have been pushed back to the 1st week in Nov. Stock was halted @ the request of the Co.{MEAOF}. GLTA. Play it as you see it.
MEAOF - HALTED ...
http://otce.finra.org/TradeHaltsCurrent
Yes , I own some shares ....
Shaark, the company seems to be run for the benefit of management. By that I mean, they keep it going to ensure their pay checks. From what I can gather they are imbeciles that can not produce at a profit. Their all in costs are appalling, their updates to shareholders vague and usually lacking in real content. The only positive thing to happen in past years was Sprott buying and I would bet it is him selling lately. Someone has a wall built that their feeble PRs can't topple. So many other good choices out there.
T
It's truly puzzling to see a PRODUCING Gold mine with a mill on the property trading @ 7C P/S. I called Metanor & asked for Investor Relations{I'm a current shareholder} & was given a diffferent # & told to speak to Mr. R. Perry, when I called {during business hours} there was NO response, moreover, the phone just kept on ringing. No voice mail/answer machine to leave a message, which tells me by its absence what their attitude is vis-a-vis stockholders. I then called back & asked to speak to someone in management, the only person available was the senior accountant, the secretary said that she would speak to her & get back to me very shortly, as to the best person to speak to regarding my questions, due to the glaring absence of Mr. Perry. I'm still WAITING!! To put everything into context, please note that as an example, BRIZ & FFMGF are either in the purchasing & holding or purchasing & development of gold mines, NEITHER has produced even 1.oz of anything, yet they trade @ $2.40 & 71C respectively. What is wrong this picture?? Answer: EVERYTHING. GLTA. Play it as you see it.
now you are talking...MEAOF will be a very big winner..stay tuned.
METANOR INTERSECTS 14.5 G/T AU OVER 7.2 M AT BACHELOR MINE -
http://www.metanor.ca/en/communiques-presse/metanor-intersects-14-5-gt-over-7-2-m-at-bachelor/
http://www.metanor.ca/en/corporate-presentation/
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124639886
- God Bless -
Gold - Spot Price (EOD) ($GOLD)8 year cycle lows -
30 year history of the Vancouver & TSEV Stock Exchanges -
Start beginning LT long term bull market bargain time -
http://www.plata.com.mx/mplata/articulos/articlesFilt.asp?fiidarticulo=281
The gold market is showing some early signs of recovery mostly driven
by the drop in long term interest rates and rise in the risk
aversion in the markets.
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless
TrendTrade2016 welcome to Metanor Resources (MEAOF)' thank you for good info -
Another note about gold. something very interesting is happen in the market right now.
They are running stocks like crazy.
You would almost think the market is on fire, but wait
the charts on the Dow S&P and Russel 2000 are sitting
on top while the US dollar just crashed.
Gold was up 35 bucks this week. the NASDAQ is up but
its coming up against resistance.
the NYCE and TSX are the only ones really up and
that's because of GOLD.
This is what happens before every market correction
they run stocks because they know whats coming.
Now if you look at he weekly GOLD chart the 50 day and 200 day
are heading towards each other and there is going to be a
50/200 cross in the next month or so.
The accumulation lines are incredible as well.
The top of the weekly GOLD using the ADX trend line is 50,
its at 35 now.
In 2008 they ran stocks all summer long before the crash...things
that make you go Hmmm.
Correction came in the middle of august last year.
Take in to account the circus show election right now.
the next resistance is 1400.00.
GLTA
by Trendtrade2016
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=5&mn=0&dy=0&id=p70888254018
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123636753
30 year history of the Vancouver & TSEV Stock Exchanges -
Chinas plan to shock the world...
http://r.search.yahoo.com/_ylt=A86.J5EzFpVXKGEARRInnIlQ;_ylu=X3oDMTByb2lvbXVuBGNvbG8DZ3ExBHBvcwMxBHZ0aWQDBHNlYwNzcg--/RV=2/RE=1469417140/RO=10/RU=http%3a%2f%2fkingworldnews.com%2fchinas-plan-b-is-about-to-shock-the-world-and-the-gold-market%2f/RK=0/RS=60oW33yWY2qu.FbxadaHTHwg360-
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
- God Bless -
Metanor Resources In (MEAOF)
0.081 ? 0.0031 (3.98%)
Volume: 2,000 @ 9:31:23 AM ET
Bid Ask Day's Range
0.0661 0.081 0.081 - 0.081
MEAOF Detailed Quote
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123636753
http://www.plata.com.mx/mplata/articulos/articlesFilt.asp?fiidarticulo=281
The gold market is showing some early signs of recovery mostly driven
by the drop in long term interest rates and rise in the risk
aversion in the markets.
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless
Thanks for info, TT. Appreciate hearing the technical aspects.
T
Another note about gold. something very interesting is happen in the market right now. They are running stocks like crazy. You would almost think the market is on fire, but wait the charts on the Dow S&P and Russel 2000 are sitting on top while the US dollar just crashed. Gold was up 35 bucks this week. the NASDAQ is up but its coming up against resistance. the NYCE and TSX are the only ones really up and that's because of GOLD.This is what happens before every market correction they run stocks because they know whats coming. Now if you look at he weekly GOLD chart the 50 day and 200 day are heading towards each other and there is going to be a 50/200 cross in the next month or so. The accumulation lines are incredible as well. The top of the weekly GOLD using the ADX trend line is 50, its at 35 now.In 2008 they ran stocks all summer long before the crash...things that make you go Hmmm. Correction came in the middle of august last year. Take in to account the circus show election right now. the next resistance is 1400.00.
GLTA
Trendtrade2016
http://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=5&mn=0&dy=0&id=p70888254018
this ticker exhibiting a strong trend on the weekly that has been consolidating for 3 months. In this consolidating period the accumulation indicators are showing a lot of buying. the weekly trend is very much in tact and the daily is just shifting towards its trend and getting back above trigger resistance at .0779. The bands on both weekly are nicely forming and getting ready to open up. The weekly and daily averages are nicely positioned as well. the only issue i see here is the float is rather large but with the strong accumulation in the past 3 months the float could be getting lighter. It appears next week it will test 12c. For a longer outlook the monthly coming out of a narrow band channel and is heading to the top band.This would take the pps to .16 cents down the road. It doesnt move fast but a very nice play here.
GLTA
TRENDTRADE2016
Thank you for the reply , Shaark ....
I will try to pick some up next week .
Although , it is generally against my nature to pay the ask with a spread so big , it looks like I may not have a choice ...
I have followed Sprott ( and McEwen ) into other mining companies , hence the attraction here .
Again , thanks for the info and good luck to you in your trading ..
Molee
'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
I've had so much difficulty trying to buy this ...
that I just gave up ... Fidelity had to "force" my order to display .
Then I couldn't modify the order myself without it being cancelled .
I would have to call them back to change the price / size of my order , etc.
How were you successful in placing an order .. which brokerage did you use ?
( TD Ameritrade also didn't display my order on L2 ... )
So far OVER 1 million shares traded, & in + territory, this is far & away above the normal trading volume, something is definitely going on & appears to be a positive. Possibly the next few days will bring some news. FLASH!! It appears that Metanor was mentioned in the smallcappower.com as a Quebec junior miner that could be a takeover target/acquired soon, due to the fact that it PRODUCES 40K ounces of gold per annum. It appears that they're also interested in developing another mine in its Monroy property, which is located 1 mile from the Bachelor mine. I'm sure none of this was lost on Sprott, when he invested in Metanor. GLTA Play it as you see it
Impressive buying at .0695. 400,000 over a bunch of trades at same time.
T
Metanor Intersects 10.4 g/t Au Over 8.8 m at Bachelor Mine -
VAL-D'OR, QUEBEC--(Marketwired - June 30, 2016) -
Metanor Resources Inc.
("Metanor") (TSX VENTURE:MTO) is pleased to provide this update on its
underground exploration drilling program at Bachelor Mine.
The development of a ramp below level 14 toward level 15 in the Main
vein allowed the construction of a drill station well positioned to
define additional resources below level 14.
The drilling began in early June.
The details of the intersections obtained from the drill holes are
described in the table below:
Hole No from (m) to (m) length (m)* grade Au (g/t) Zone
14-117 16.3 21.1 4.8 4.1 Main
And 31.0 34.9 3.9 4.9 Main
14-118 21.5 30.3 8.8 10.4 Main
14-119 24.1 25.0 0.9 2.1 Main
14-130 101.6 107.2 5.7 5.5 Main
(*) Core length
The mining development continues toward the recently drilled sectors,
and mining will commence in the coming month.
Metanor estimates that the mineralized intercepts' true thicknesses
reach 60 to 65% of the drill cores.
A capping of 31 g/t was used or 1 Au ounce.
The Company uses a rigorous, industry-standard, QA/QC program.
The samples were assayed by fire-assay at the Metanor assay lab.
Blanks, duplicates and certified reference standards are inserted
into the sample stream to monitor laboratory performance.
The quality control program of the assay results (QA/QC) adopted by
Metanor includes a minimum of 10% of controlled assays being
conducted as well as verification by an independent ALS-certified
assay laboratory in Val-d'Or, Québec.
Results of the spot checks were consistent with those reported.
Qualified Persons
Pascal Hamelin, P. Eng., Vice-president of Operations, is the Qualified
Person under NI 43-101, responsible for reviewing and approving the
technical information contained in this news release.
Cautionary and Forward-Looking Statements
This press release includes certain statements that may be deemed
"forward-looking statements".
The potential quantity and grade is conceptual in nature as there has
been ---- developments may differ materially from those forward-
blooking statements.
Neither the TSX Venture Exchange, nor its Regulation Services Provider
accepts responsibility for the adequacy or accuracy of this release.
Ronald Perry
Vice-president
514-262-8286
rperry@metanor.ca
http://web.tmxmoney.com/article.php?newsid=7162413387272455&qm_symbol=MTO
http://www.plata.com.mx/mplata/articulos/articlesFilt.asp?fiidarticulo=281
The gold market is showing some early signs of recovery mostly driven
by the drop in long term interest rates and rise in the risk
aversion in the markets.
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless
Metanor MTO: Flatbeat thank you, well MTO is very oversold and
undervalued and that's right - many larger
major gold producers looking for gold bargains
MTO is a real gold mines bargain -
RE: I guess a take-over will be coming soon :)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123495276
http://www.metanor.ca/en/index.php/properties/barry/
http://www.kitconet.com/images/live/au0001wb.gif
- God Bless -
Ps.
I agree it is a takeover target.
Mill worth >$50 mil + + alone plus tax carry forward plus 3 mining areas etc.
Add in Osisko and Oban in area and consolidating mines with no mill
makes me think we will see offer before summer?
Letting the company do leg work and size things up, then take over
for pennies on the dollar -
imo -
- God Bless -
METANOR INCREASES TOTAL OUNCES IN NEW GOLD RESOURCE ESTIMATE AT BARRY PIT -
Publish on 06-23-2016
June 22, 2016 – Val-d'Or, Québec, Canada:
Metanor Resources Inc. (« Metanor ») (TSX-V: MTO)
has received an updated Mineral Resource estimate on its
Barry property located 116 km from the Bachelor mill.
The independent mineral resource estimate was prepared by GoldMinds
Geoservices Inc. (GMG) and update the previous resource estimate of
2010.
A technical report (NI43-101 compliant) will be available on
SEDAR within 45 days.
The new estimate is based on a total database of 1,100 diamond drill
holes and rock saw samples for 79,055 meters with 51,524 assays.
This update takes the 1 g/t range base case resource to 209,400 ounces gold in Measured category grading 1.21 g/t in 5.383 Million tonnes, 96,000 ounces gold in Indicated category grading 0.98 g/t in 3.037 million tonnes and 1.046 million ounces grading 1.02g/t Au in 31.92
million tonnes in inferred resources using a cut-off grade of 0.50g/t.
A total in-pit resources of 347,350 ounces at 2.07 g/t in 5.24 million
tonnes is calculated using parameters for direct shipping of
mineralized material to Bachelor Lake mill where 45% is in the measured
and indicated category and 55% is in the inferred category.
Highlights
Important increase in confidence level of the mineralization at Barry;
209,400 ounces in the measured category in the base case resource estimate above 0.5 g/t;
96,000 ounces in Indicated category in the base case resource estimate above 0.5 g/t;
1.046 million ounces in the inferred category in the base case resource estimate above 0.5 g/t;
347,350 ounces of inpit resources at 2.07 g/t in 5.24 million tonnes with a strip ratio of 2.29 to 1;
Deposit open in all directions;
Drill hole results of the 2013 campaign outside the Barry pit perimeters are not taken into account in the current inferred mineral resources;
Screen metallic samples for one mineralized zone shows 11% more gold than standard fire assay;
Higher gold grade mineralization occurs in Basalt on edges of Diorite as well as Feldspar Porphyry.
Cautionary statement:Mineral resources that are not Mineral Reserves do not have demonstrated economic viability.
The following tables show two global resource estimate scenarios, each with a different cut-off grade with capping at 35 g/t on assays, density to convert volume to tonne is 2.8. Rounded numbers, total may not add up.
Base case Mineral resources above 0.5 g/t
http://www.metanor.ca/en/index.php/press-releases/article/metanor-increases-total-ounces-in-new-gold-resource-estimate-at-barry-pit
- God Bless -
The "news" APPARENTLY is: Metanor is moving forward with the development of Barry with production targets of 30,000-35,000 ounces per annum in the near future. Sprott had opined in the past, that Barry was were the $$ would be made. GLTA
'ConferredDilligence', you're most welcome, I just hope that it's all good, the reason that I placed my $, was because Sprott had a chunk of change in it & I was hoping that he would migrate the shares into/as part of
his Sprott junior miners ETF. One other point that I did not reveal in the orginal summation of my phone call, was that I said, "playing Devil's advocate would you agree that by Thursday we should have the news", that's when he responded that he thought it would be just a matter of hours, so if everything is as he stated, tomorrow should do it. GL
Shaark, Thanks for the leg work today, that all sounds very positive, every bit of info helps.
I hear ya, I am a little concerned letting SSRI ride so long, having taken no profits yet, but if I would have been "prudent", I would have cashed out of CLGRF @1.55, look where we are at now! I don't see anything on the horizon that could significantly take it down besides a crash in PM's. If one were concerned about the BREXIT vote on Thursday, tomorrow may be the last chance to take profits before a major correction in PM's. I really am considering getting on the sidelines till fall, but don't want to make a mistake like I could have made @1.55. I'm pretty sure Geo isn't selling.
Ouch. Talk about a roller coaster ride. I guess that is why it is prudent to take some off the table on a run like that.
T
NSU seems to be a laggard. Did you see what happened to SGSVF, they nearly doubled a couple months ago from .75-1.27 in one day on a new mine deal to be permitted, made it to around 1.43 and then it was announced that permits were denied by the ministry, back down to the .70's...
Teranga and NSU are both positions of mine I want to add to soon. That is why a pop in Metanor would be great.
T
SSRI is my major holding and is really all I care about anyways, MEAOF and CRCUF are long shots and will be icing on the cake if they come to fruition. And don't forget TGCDF, they just acquired an open pit operation in a safer district that should take their production to +300,000 oz and lower their AISC.
I hope so. I am glad you are up at these prices. My break even is .066. So a dime or better and I am out. Unless management proves they are capable of doing something good.
T
Sounds good T, don't worry about me and Geo (if I may speak for him), we're big boys and anyways, it should be shame on us for investing on advise off the internet. I'm all in 500k @ .045 so I've been up +50% for awhile now, even hit 100% and didn't sell, so don't feel bad on my account, I'll probably be thanking you tomorrow!
No, it was about drill results and a supposedly big anomaly both times. Neither panned out. But, they did get a PP out of one. Bob on the other board thinks it has to do with Barry results and a report on ounces in the ground. His theory is they are getting their ducks in order so they can be bought. I pray he is right.
T
Earlier today I spoke with one of the principals in the Co., he stated that the reason for the halt was "news" & that they had sent the paperwork to S.E.D.I. for approval, to make sure that all was above reproach. When pressed, he indicated that the "news" was of a positive character, I also inquired whether or nor Sprott was still vested in the Co., he answered by saying, "that if Sprott had sold, it would appear in the Co. filings & he had not seen anything concerning a sale, vis-a-vis Sprott. Furthermore, he indicated that any sale by a "stake holder" in the Co. would be avilable for viewing on the S.E.D.I. website. He also indicated that the "halt" would be very short lived, possibly just a few hours, because according to him, Canadian stock exchange authorities do not like to extend the halt period beyond what is absolutely necessary. My only concern is that it does not turn out to be some sort of deal requiring a "reverse split". GLTA
I didn't know that about the 2 days, I hope they don't normally halt to announce bankruptcy!
CD, they halted for a couple days once. That was just before I dragged you and Geo in here. Still sorry for that. I would a buyout so I could get more TGCDF, NSU, SSRI and maybe a flyer like CRCUF. We will see tomorrow morning, I would guess.
T
T, I hear your /sarc but, I don't know, this is a pretty long halt.
Did anyone realize we were halted last couple hours of the day. My guess is an anomaly was found and more research will be required. Same as last couple halts. Then announce a PP.
T
ConferreDiligence thank you, Metanor has to keep doing the good
mining production work and add more to MTO Pr. image -
ex.
with daily to weekly video infos added to the website -
to make all investors to get the good knowledge about the
gold production - future agenda to higher gold productions
expansions, mining works,
financials etc. etc. -
MTO is undervalued and oversold for the investors have not got
the info they needed -
well, MEAOF is very undervalued and oversold -
its @ a bargain price -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123001946
http://www.kitconet.com/images/live/au0001wb.gif
- God Bless -
Would you agree that the share price is being artificially capped? What do you think it will take to break out, besides the obvious...higher gold?
ConferreDiligence well, MEAOF is very undervalued and oversold -
its @ a bargain price -
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123001946
http://www.kitconet.com/images/live/au0001wb.gif
- God Bless -
So Bob, what are your current thoughts on MEAOF's current situation as a going concern?
Metanor Resources In (MEAOF)
0.069 ? 0.0 (0.00%)
Volume: 6,942 @ 9:56:44 AM ET
Bid Ask Day's Range
0.06 0.069 0.069 - 0.069
MEAOF Detailed Quote
Sorry my response to your insult was not to your liking. Do you think your opinion matters? I haven't noticed anything new in your posts that we all did not already know. And, who did YOU talk to when you visited the company for your analysis? Not sure why you have trouble with differing views. I suspect you are just out of college and plan on making a big splash with your penny stock acumen. I was a broker for 20 years, so I am sorry if I come off as "all knowing". Just sure I know more than you. But, time will tell. And, if it does go up, my quarter million shares will go with it.
T
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