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If I don't see something material come out of Metanor within the next month, I'm out, not going to wait 4 month holding period for another dump. I'll put proceeds back into STADF or CLGRF.
That is correct, they might try a token raise but, after the pain across the board becomes evident, they will quickly rescind. F**ing lying cowards, all of them.
Technical analysis and past statistical norms for the most part no longer apply in today's totally rigged markets combined with unsustainable debt loads an off shoring of manufacturing. We are in uncharted territory my friend.
CD
Bob, kind of rough but, here is most of it using Google Translate, they seem to be lacking in bolded areas...
WARNING AND FORWARD-LOOKING STATEMENTS
2
This presentation includes certain statements that may be considered "forward looking statements". All statements cited, other than statements of historical facts, that address future exploration drilling, exploration activities, anticipated metal production, internal rate of return, estimated ore content of the estimates of the beginning Production and capital expenditures and projected exploration (including costs and other estimates upon which the projections are based) and events and developments that the Company expects are considered forward-looking statements. Although the Company believes the expectations expressed in these forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those forward-looking statements.
PLAN OF PRESENTATION
• Company Summary
• Summary of the Bachelor mine
• The steps to reach a commercial production
technical -L'aspect
-L'acceptabilité Social, environmental
-Funding
-Human ressources
-Health and security
-L'exécution Project
• Next steps for Metanor Resources
•Questions
3
SUMMARY OF THE COMPANY
Stock Quote
MTO (TSX-V)
Number of shares issued
357 M
Stock price
$ 0.06
Market cap
~ $ 21 million
Average of last 52 weeks
0,10H $ - $ 0,035L
Book value (31 March 2015)
$ 54 million
Average trading volume / day - last three months
~ 800 000
4
SUMMARY OF THE COMPANY
The company was founded in 1999 and incorporated in 2003.
The head office in Val-d'Or.
The leaders are all Quebecois.
The company operates the gold mine Bachelor since 2013.
The Bachelor mine is accessible by road. (4 km Desmaraisville)
It has the Barry property east of Lebel-sur-Quévillon
SUMMARY OF THE COMPANY
Capital investment of 160 million in the Nord-du-Québec
Payroll 26 million annually
95% of employees come from the Abitibi and James Bay
Local and regional purchase of nearly 20 million annually
Core development in the area
Short-term goal: To increase the life of the Bachelor mine
Medium and long-term goal: Start other projects near the Bachelor Mine
6
SUMMARY OF BACHELOR MINE
The mine has been in operation since December 2013
The mine produces between 40 and 45 thousand ounces of gold per year.
240 employees work at the Bachelor mine.
The teams produce 650-700 tons per day.
The mine operates 7 days 7, 24 hours a day.
The deposit is of vein-type with a subvertical dip.
The veins are developed and operated by conventional method on rails.
The ore is extracted yards long hole method.
property
Resource category
tons
Content (gt)
Ounce (oz)
Bachelor Mine
43-101 (2005)
Measured and indicated
841591
7.79
210857
inferred
426148
6.52
89,366
RESOURCES AND RESERVES THE BACHELOR MINE
8
property
Category reserve
tons
Grade (g / t)
Gold Ounces (oz)
Bachelor Mine
43-101 (2011)
proven
193093
8.33
51,743
likely
650679
7.10
148433
Total Proven & Probable
200177
BACHELOR MINE: CHRONOLOGY
9
1940
2015
Product 130 341 oz
at 5.0 g / t from 1982
and 1989
production
business
achieved by
November 2013
Complete bulk sampling of 5000 tonnes in June 2012
Casting the first brick in May 2012
Mine Rebuilds
and the 2005 factory
2010
discovery
1946
acquisition by
Metanor
STEPS FOR GETTING THERE
• Technical aspects
• The social acceptability, environment
• Financing
•Human resources
•Health and safety
• Project implementation
11
TECHNICAL ASPECTS
•Be realistic ;
• Have a good degree of knowledge of geology;
• Adapt mining methods and equipment in the vein;
• Have a detailed budget;
• Master and understand the stages of the project;
• Maintain our goal;
• Be flexible and responsive.
12
ACCEPTABILITY, ENVIRONMENT
• Be transparent
• Initiate discussions with communities before the start
• Listen
• Begin early requests for applications for obtaining certificates
• Do a lot of follow-up with stakeholders
THE FUNDING
• Since 2003, it is:
-125 000 000 financed in shares
-20,000,000 Form of a fee
-10,000,000 Form of debenture
-7,000,000 On loan
•To succeed:
-Be realistic
-Be transparent
-Persévérant
14
HUMAN RESOURCES
• Party of two employees in 2003 to 240 now
•To succeed:
-Know Have the best possible
-Be Aware of movements
-Always Have an alternative
• Have a strict policy of hiring and firing
HEALTH AND SECURITY
• Hard Being
• Always wanting to improve
• Provide and require clean workplaces
• Go get all possible support
• Lead by example
16
ROJECT EXECUTION
• Although knowing the critical path
• Maintain the long-term course
• Do not hesitate to change if there are better ideas
•The result :
-Approfondissement The well (163 m)
-Rehaussement Headframe
-Change The winch
-Installation Offices and a dryer
-Construction Camp
-Reconstruire Ore processing plant
-Build The tailings park
17
We're never gonna get close to even a 1% rise in rates, they can't even raise them a quarter percent. Corporations have been borrowing easy money @ 0.5% to buy back shares for years now, not to mention easy money on margin for stock purchases by hedge funds, if rates rise 0.25% that is a 50% increase in debt service, bye, bye stock market.
Quote of the day:
"So let me get this shit straight…
The day after the Fed says “we’re fucked” and the US GDP goes nowhere the Fucking Dow after a +200 close on NOTHING does the “slow grind” all day long trying to close in the green in the last 15 minutes but succumbs to a DEVASTATING 20 point loss on the day….
Meanwhile in the same time frame some MYSTERIOUS SELLERS decide that with all debt based currencies being hurled towards worthlessness, now is the perfect time to SELL Gold and Silver they don’t have while China, India, and those “evil”
Russians continue to buy all they can get their hands on????
Whats that thing about SUPPLY and DEMAND they said constitutes economics 101????
FUCK OFF."
And follow up on quote of the day:
"Thats correct.
Basically if the ''market'' goes up like 200 pts, the next day is flat.
However if god forbid the ''market'' finishes down say triple digits, those losses are always wiped away immediately the following morning.
Basically this shit is so fucking rigged and so blatant by now, these ppl need to be sent to the gallows to be hanged right this fucking minute."
I guess your right about that, I'm remembering that ratio being tighter when the dollar was much weaker.
Was a great day till TPTB slammed it down once again...CAN'T HAVE $1180 GOLD, IT MAKES US LOOK BAD...what a f***g farce.
.20+ cent US/Canadian spread not normal, we would be @ .70 by now if not for OTC listing and US side manipulation.
Good information Geo, I see you've been moonlighting over at Stockhouse, good board, keep up the good work. I managed to pick up another 50k yesterday for .0426, I was bidding .0475.
Bob, where did you get that info from?
CD
We need that Bachelor Lake shallow drill hole hit confirmation NOW!
Good job on that purchase!
But a sell of 500 shares MEOAF takes it down 22%, just amazing, these markets make no sense.
Gold stocks have been beaten down sooo low for sooo long, I just think there are a huge amount of shorts taking profits at every level. All markets are sooo f***g broken.
8- Management need to take a pay cut.
Maybe this is the debt your referring to:
http://www.stockhouse.com/news/press-releases/2015/03/27/metanor-resources-inc-maturity-date-of-debentures-extended-24-months
That Debt was Debt(mrq) most recent quarter ending March 31,2015. They have since paid off the $7,000,000 Ressouce Quebec loan on August 31, 2015. I don't know what part of that amount was included in the total debt figure you mentioned.
http://finance.yahoo.com/news/metanor-completes-last-payment-
ressource-164330722.html
Just bot 200k more today, got a new basis of .045
For anybody getting on board at this time it is only speculation and very risky investment.
This is an opinion related to MEAOF's management quoted from another poster I found at Stockhouse.com, maybe a good starting point:
Price of gold does matter, but overall share appreciation will be the result of reducing the amount of shares and showing a mine life of 15+ years at 100k ounces per year in the immediate.
Much higher gold price will allow Metanor to execute its plan faster and show the resources. Investors are looking for a sustainable return on investment for years to come. Right now there is no years to come as we think the gold is there, we just don't know it. When we know it and show 1 Million ounces at Bachelor alone, then our company will generate money. For anybody getting on board at this time it is only speculation and very risky investment.
Missing Key factors right now to take off :
1- Management transparency and constantly informing shareholders of development
2- Increasing resources
3 - Suppressing 30% of total outstanding shares
4 - Renegotiating Sandstorm gold stream
5 - If no point number 4- then restarting Barry
6 - If no 4 and no 5, increasing production to lower costs and fund number 5
7 - Insiders need to buy some shares
8 - Management need to take a pay cut
Yup, that would work. Now we know why the share price is where it is.
Who the heck at this point would be selling CLGRF @.53 on a up gold day unless its manipulation by the MM's? There is just no need to sell @.53, there would be takers @.55.
Latest SA article, very bullish on this one:
http://seekingalpha.com/article/3535026-st-andrew-goldfields-a-small-gold-miner-that-looks-undervalued
Good read Geo, seems to me they are way undervalued even if this new discovery is a fluke. From what I've heard, marginal management is what has held them back thus far, if so, what changes do you think need to be made? Do you think the 20% gold participation sales for the life of Bachelor mine at $500/oz is a non-issue?
A short video of Metanor plant operations.
Looks a pretty solid property to me...
Recent drilling results:
September 22, 2015 "Metanor Intersects 10.1 g/t Au Over 26.2 Meters Near Surface,"
August 6, 2015 "Metanor Intersects 10.2 g/t Over 13.1 Meters at Bachelor Mine,"
July 29, 2015 "Metanor Intersects 11.9 g/t Au Over 11.85 Meters at Bachelor Mine,"
July 2, 2015 " Metanor Intersects 6.82 g/t Over 8.7 Meters at Bachelor Mine,"
June 25, 2015 "Metanor Intersects 12.8 g/t Over 10.8 Meters At Bachelor Mine,"
June 22, 2015 "Metanor Intersects 22.85 g/T Over 4.04 Meters at Bachelor Mine,"
March 20, 2015 "Metanor Intersects 8.64 g/T Over 5.8 Meters at Bachelor Mine,"
May 14, 2015 "Metanor Intersects 12.24 g/T Over 4 Meters in the Hewfran Sector of the Bachelor Mine"
Yes, you are probably right but, by all in, I don't mean these are my only irons in the fire, so to speak, I do have other investments to manage, I just don't want to disturb my junior positions at this time to buy MXSG, these are thinley traded stocks, hard to day trade at this juncture so, I'll stay long on these 3 for now. Gold @1152
CD
You should buy when things are epic in their cheapness because they won't stay that way for long.
I've already stated, I would buy into MXSG as a long shot gamble only if I could substantially mitigate my risk which happens to be right at around this price or less, it's about risk aversion not necessarily just a lower price. A Lamborghini already has value ( equivalent to proft record & hard assets ) so, who would complain about a penny or two. MXSG has niether and many more unknowns, it's non- profitable speculation at this point, AR has not even released a follow up conformation of their deal yet! On the other note, I bought MNEAF at .36 in 2008 and did quite well in the 2011 run up right before the merger with UXG. Luck had alot to do with it because I didn't really know waht I was doing, I was just long on what I had learned was a good mine with good managment.
CD
MXSG is still trying! There, fixed it for ya.
Thanks TM, that's some good information. I've been vaguely following them since 2009, back when Rob Mcewen had major shares, always wondered why he sold out years ago. I guess being a newbe back then, I didn't realize they were not a producer and not profitable, hence my feeling they were a strong miner. I'll admit it, I guess I have maintained the wrong impression about them all these years.
That 40k shows up as a sell on trades above. If someone sells, someone is buying, what determines if its recorded in trades as a sell or a buy?
Anyone following RBY?, Why do you think they tanked 30% last week, was it the suspension of milling operations at Pheonix gold project or just Lalonde leaving further exposing their poor management? Kind of scary this could happen to a seemingly strong miner, very quick drop from .76 to .52. I hope Claude is stronger than this going forward.
Why not buy one or the other or just the one with the highest average volume?
Why not buy one or the other or just the one with the highest volume?
Are you buying MTO or MEAOF? When I bought MEAOF (cheaper price)my shares were drawn from MTO (showed up on Canadian exchange not US OTC exchange)
Are you rebuilding your MEAOF position you may have liquidated to buy more of CLGRF or did you not sell your MEAOF at that time?
Nice volume today, all on the buy side.
Nice close @ .5068, even with last two trades being sell orders.
I wonder if they'll try raising rates and doing more QE at the same time ?
Yeah, the part I liked was the reasons the fed is in a box and can't raise or keep rates the same. They want it both ways but, the arithmetic simply won't allow it, something has got to give! IMHO I think they will eventually try to raise rates, after they allow the market to grind lower so it doesn't have as far to fall. The raise will not be more than a token .25% but, will not solve the problems of pension and insurance bond yields, moreover I don't think we will ever see the necessary normalized rates of 5% again in our lifetimes. Having said that, I just don't see how they can hold things together, there is no solution other than a total reset which will lead to civil unrest.