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Metanor hung in there while many many other golds and silvers were taking it on the chin. Pays to be under the radar sometimes.
I'm sorry folks, but that conference call is the biggest line of vague BS I have ever heard. And what a coincidence that the good dr's bonus just accidently happened to be the exact same bonus he would have gotten for a $1MM quarter. That deceived investors at that time in my very humble opinion, they had to know it would be taken as a sign of a big quarter and yet they put it out there during a dismal qtr. Finally, we can now know that this is a typical penny stock with the usual pumping and promotions, even by the good dr and his cohorts. IMO he will ride this as far as he can then sell out and pocket his cash and move on to the next great invention of all time. Anyone who thinks that $300K to $500K per qtr is going to sustain this company is so sadly mistaken.
Another little goody:
Sector NewswireTM
Sector: Mining - Metals and Minerals :
News Release - January 30, 2013 5:36 PM EDT
Analyst Issues Upside Price Target on Metanor Resources Inc. as Company Targets 60,000 oz/year Gold Production
NEW YORK, NY, January 30, 2013 /Sector Newswire/ - Metanor Resources Inc. (TSX-V: MTO) (US Listing: MEAOF) (Frankfurt: M3R) is identified in newly issued analysts report by Secutor Capital Management with upside market valuation. The analyst has initiated coverage with significant upside re-rating based on several factors; 1) Metanor currently executing on the Company's production target of 60,000 oz/year at its 100% owned Bachelor mine and mill in Quebec, 2) Net Asset Value (NAV) projection of readily achievable resource growth and extension of mine life scenarios at Bachelor, 3) blue sky potential at Metanor's Barry open-pit gold project, and 4) comparable analysis.
The full Analyst report may be found at http://sectornewswire.com/SCMCanalystMTOJan29-2013.pdf online.
The qualified analyst has identified Metanor Resources Inc. as significantly undervalued at current share price valuation of under CDN$0.22; the analyst forecasts a $0.66 per share price for MTO.V under a comparison of the NAV calculated for in an upside resource and production scenario (accounting for the conversion of the Inferred Resource to reserves, as well as the assumption that approximately 214,000 additional ounces of gold will be discovered).
In market comparable analysis Metanor was compared to other junior production companies on an Adjusted Market Cap (AMC) to Production basis, as well as on an AMC to Resource basis. The Company compares favourably on these metrics, as it is lower than the group average. The discrepancy in the valuation may be because of the delays faced by the Company as it reached producer status, causing a decrease in share price. However, as Metanor ramps up production at Bachelor and achieves positive cash flow as Management expects it to do in February, this valuation gap may tighten.
Bachelor Lake Ramping Up Production to an Average 60,000 oz/year; Management Expects Cash Flow Positive by the End of February: Production is ramping up at the Bachelor Lake Gold Project, QC, after delays caused by permitting and labor shortages. The Project is fully permitted and now fully staffed since a number of workers were hired due to recent mine closures in the Abitibi region. Management expects to make up for lost time, given its procurement of experienced labour, and achieve positive cash flow at the Bachelor Lake Mine by mid-February. A 5,000 t bulk sample completed last June yielded 25% more gold than expected and the mill is currently running at 96 to 97% recovery. The Company anticipates approximately 16,000 oz of gold will be produced by June 2013, followed by ~60,000 oz in the next year.
Extensive Drilling Ongoing at Bachelor; High Grade Results Extend the Vein System both Laterally and at Depth: Metanor continues to drill the Bachelor Project to delineate additional resources and extend mine life. One drill is currently stationed underground and is dedicated to this cause. The Company has ~200,000 ounces of gold in reserves, but drilling indicates the possibility that resources can be increased. The deposit is a mesothermal gold system containing three identified veins: the Main Vein, Vein A, and Vein B. Promising high grade results from the lateral extensions of the Main and B veins were released, including 29.63 g/t Au over 4.42 m, 14.79 g/t Au over 14.02 m, and 19.19 g/t Au over 8.48 m. Since the last resource estimate, over 30,000 m of drilling has been completed.
Barry Open-Pit Gold Project Remains Blue Sky; Over 150 Anomalies, Potential 13 km of Strike, and Open at Depth: Metanor envisions that cash flows from Bachelor will eventually fund exploration and development work at the Barry Project, potentially providing the Company with organic growth. The Property is a low-grade, bulk tonnage deposit 114 km from Bachelor with a compliant resource of 780,000 oz across all categories. It was operated by Metanor for a short period of time, producing ~40,000 ounces of gold, and is still permitted for mining activities. Management suggests that Barry has compelling exploration potential. Over 150 IP anomalies have been identified on the site, as well as a potential strike length of 13 km. The mineralization remains open at depth.
The full Analyst report may be found at http://sectornewswire.com/SCMCanalystMTOJan29-2013.pdf online.
Don't want to insult anyone but I say read up on "PUMP & DUMPS".
I also dislike stocks with high share count. It indicates to me that they get (or got) their operating capital through issuing more shares (dilution). I believe in Metanor's case they are past that and will generate enough cash mostly through revenue. Wouldn't hurt if gold price went up either! After all, that's the main reason we have positions in miners. Now I just need to settle on a silver miner so I have both precious metals covered.
The figure I saw was $460 per ounce but for the life of me I can't seem to find it right now. Also, I can't put it completely into context because I don't know how old the info was, sorry.
But I did stumble across this that I think you all will like:
- - - -
VAL-D'OR, QUEBEC--(Marketwire - Feb. 7, 2013) - Metanor Resources Inc. ("Metanor") (TSX VENTURE:MTO) is pleased to release an update regarding the current development of its Bachelor project.
Metanor produced 2,236 oz. of gold in January, compared to 1,718 oz. in December, bringing the total production since July 2012 to 10,111 oz. of gold. The ounces produced in January come from 13,871 tonnes of ore grading 5.18 grams per tonne recovered at 96.8%. This 30% increase of ounces in one month is related to the start up of more production stopes in January. The average monthly grade was lower than December because of the mining of one stope at a lower grade. The average monthly grade in February is expected to be higher than January.
The average tonnage in January was 447 tonnes per day (Tpd) compared to 275 Tpd in December. The commissioning of new stopes in the coming weeks will allow the company to step up its production, and eventually start its commercial production. Metanor will publish a press release regarding its production update between March 6th and 14th 2013.
- - - -
237,650,916 outstanding shares
- - - -
FOR FURTHER INFORMATION PLEASE CONTACT:
Ronald Perry
Vice-President
514-262-8286
rperry@metanor.ca
Read more: http://www.benzinga.com/pressreleases/13/02/m3313913/metanor-produces-2-236-oz-of-gold-in-january-at-its-bachelor-project#ixzz2KFHyGbym
Hey OTC.
I'm a buyer at $.027 today! I don't have the kind of money to turn .003 into anything worth while so I am a "hold" right now.
Ah yes, it was there right in front of me. Thx.
Didn't they buy a going business which is supposed to give them some revenue?
Saw EACR a couple weeks back. This is a very quiet stock right now, but has some solid quality about it. Simple business, lease purchase of autos. I debated with myself for a while. Today I was in the mood so I'm in. Hope it gives me a good ride (heehee).
Actually, no I don't.
Do you think something besides a promotion will motivate this stock.
Okay, here is the scoop [I'm new here to MEAOF so I'm playng catch-up].
Bachelor Lake (Canada) - In January 2011 Sandstorm paid Metanor $20m in exchange for a 20% streaming interest with an on-going purchase price per oz of $500/oz for the life of the mine. Initially the mine was forecast to produce 60k oz per annum, however, studies showed this was possible at only 66% capacity. The mine is likely to produce around 30k oz in 2013 before rising to 60k in 2014. There is scope for expansion and production could increase to 75-80k pa. (I think this is Jim Bowen @ Seeking Alpha)
This blog I found explained it to me pretty good:
"There is a light at the end of MTO tunnel 4 out of 5 gold ounces go directly to MTO 1 out of 5 ounces goes to Sandstorm for 500 per oz they still pay for the costs . You either pay back a debt in cash or gold, MTO opt for the gold payment for the 20 million. Sandstorm believes in MTO and this is a win win situation for both, more so for MTO. Call Sandstorm a major share holder and out of 60,000 oz projected 48,000 oz gold goes directly to MTO and 6 million cash goes back to MTO to help pay for costs, 6 million could be used for future drilling and replace the 12,000 gold oz sold to Sandstorm for $500 per oz. . This could be called compounding gold ounces at Sandstorm expense . jmo money makes money and Gold. There is a lot more gold where that came from and the bottom line is increase production." (This is from stockhouse.com bulletin board thread)
Most here who have been around this board for a long time probably are aware of this so sorry for bringing up again two years later. But it's good to know that it is coming into play since Metanor is now in production. As long as Metanor can keep it's operating costs below $500 per oz all is well. They are pretty close to that now.
Help me out here. Who is Sandstorm, and are they buying the gold at $500 per oz. from Metanor?
Hey OTCbargains. I just have a free membership for now so I cannot PM. But if you would be so kind as to PM me and let me know if you will add me to your PM list for your picks I would much appreciate. I think I like what you like, stocks that run a few days.
Good call XC. Behaved just like you predicted.
Well, I actually had a sell order at 3.94 right at the end of the day and was somewhat dissapointed that I just missed it (I was not on-line when it went above that a little earlier in the day). My trading account is pretty straight forward so I don't short and no option stuff, so I deal with "funds available for trading" and "restricted funds" and "settlement dates" and such.
My take is this will rise a little into the 4's also, but we need to NOT be hogs and get slaughtered by greed. Like you I believe some profit in the hand (leaving a little money on the table perhaps) is better than holding out for more and end up giving back what we achieved. With stocks there are a lot of fish in the sea so as far as trading goes sticking to our personal trading style without becoming attached to one stock is best.
I often think that if a stock drops 30% in just a couple of days (without a major bad event in the company) that it will get a third of that back [but no more] within the next 3 to 4 days.
5.79(high on Jan 30) minus 3.61(low on Feb 1) equals 2.18.
2.18 divided by 3 equals .72.
3.61 plus .72 equals 4.33.
Since the spread between high and low here was almost 38% we might not see more than 4.20ish however.
If it shoots right up there then cash out for sure, if it meanders at just over or just under 4 for a while on Monday morning I cash out too. If it looks like it is giving back the gains during the first few minutes I will will probably bail also. A slow steading rise on Monday is where I would probably watch patiently. Sounds like I am inclined to exit this trade sometime Monday no matter what doesn't it? We will see.
Thx Sien. I see these monitors in stores like Walmart so this concept is not unique to CRPZ, and no revenue at this time, think I'll move on for now. GLTA
So, how much revenue is this joint venture talking about? I'm new here but find CRPZ interesting.
Agreed. I was able to buy in at 3.75 this morning so I am very pleased with today's movement. I played VELT once in a similar situation some time ago and did fine on the bounce. I think we found good entry points. Would be nice if Monday is just as productive, then we can exit and be very pleased with ourselves. GLTA
Million dollar question. Gold and silver miners are beat up pretty well right now, but I believe more in the actual companies than I do in the ETF's, just me I guess. I am looking at silver miners now too like AUNFF & EXK. So many to chose from. I have followed JAG a while, lost on em and gained on em so I'm no expert. If JAG holds steady at around .70 for a few days I will probably pick some up for the next run up.
I am beginning to believe it makes a lot of sense to have a gold miner and a silver miner in our portfolio for the economic crisis ahead, if not during 2013 then certainly at the start of 2014 when people finally realize what's in the new health care act. Riots in the street probably. JMHO of worst case scenario course.
Means they're still burning through cash for day to day operations. Should keep downward pressure on stock price. I'm looking for .70 so I can re-load some JAG.
I doubt this will plummet all the way to .55 but around .70 yes. JAG does have a future when gold price rises, right now it seems liberal/progressive governments & banks are holding precious metals down to make it look like their policys are working. Housing crisis was sudden and terrible, financial system collapse will be too unfortunately. Gold miner stocks will benefit greatly when that happens so I will be looking to reload down around .70 ( I sold yesterday ). GLTA
Thx for the private message (I am not a paying member so can't reply). Not sure exactly what your message meant tho.
Yes, I am certainly pleased with todays close. I find JAG to be an unpredictable stock up to this point. Maybe the latest release by management is a good sign that this ship will right itself. With a gold price increase and the cost reductions they have instituted perhaps JAG will be back in some greener pastures. I anticipate a climb to over $2, but they need to bring a lot more grams out of those tons in the two mines because YOY they are down. Revenue needs help from the gold price, and bottom line needs help by costs going down considerably. I bet 2013 is the year though!
Seems like news is all on the good side right now. I like that some stock options coming up are at $.40 per share also, motivation to get the price up in a significant way. GLTA
I'm in today. Could not resist. Will hold now and see what happens.
Fairly good PR by JAG recently on gold production. Also Zacks is saying this is a buy now. Seems like JAG is stabilizing its production, now let's see if cost reductions are taking full effect so their cost per ounce is going down. I am in at $.70 now so am in the green. I expect this to be a hold for me right now, JAG could waiver up and down for a while but I am a believer in this stock topping a dollar after next qtr report. Good things will probably be coming for JAG, not great things but good things. They have gold in the ground, a saleable asset if they need big bucks to get out from under their debt, and they have gone through personnel reductions and mining method changes to improve productivity at the two mines they are working. New management is in place and the old guard who poo poo'd the sale to the Chinese a year ago are out. GLTA
No AG, but thanks for asking. I am keeping my eye on APDN though, so you never know. APDN treated me ok the last time. Drifting down again I see.
Represents grand total of all the common shares that can pass through Crede's hands if they take advantage of all the warrants. Big number, huh?
Yeah, I'm in at $.01 for a small long position, will sit on it until next promo (ya'll know there will be another sometime). If it tanks down to $.002 I'll just double my position which will average down to $.006 and sit on that. If the one dude is right and we hit $.04 in a month that will be warm & fuzzy. Ten or twenty cents even better. Scottrade blocked me too but I just gave them a call and they put it through for me.
Face it, we all know this is a pump & dump stock, have fun with it. Just look at all the play-by-play pumpers and bashers infesting this board. GLTA
Here's a good one for ya. Like a good trader I am paying attention to NWTR to see if the touters are really right and it hits $1.40. Today I see a retrace to the lower 90's so I am thinking "is this pump over & now time for the dump". Then, I see Zacks comes out with a new price target of $2.00 this morning (based on the new wells nwtr just bought). In my mind NOW I am seeing a new tout probably coming and nwtr seems to be settling into the 93 to 95 range so I say to my self "well, put in an order at .91 to just see if it dips enough to pick me up. Well what do you know, not 10 seconds after I hit the buy button this bass turd takes a nose dive to like .82. IMO I just saw a boat load of trailing stops get taken out (they turn into market orders you know) and now a lot of the traders are stopped out.
Sooooo, here I am aboard with a bunch of shares at .90, well let's see if I can make a little bit of mooolaa. Timing is everything I guess. GLTA
Last time JAG dropped to .60 was sudden and short-lived, this seems to be same type movement.
Jag stock price is at all time low.
Book value is well over 2.00.
Enterprise value (whatever that is) is 6 times the current value.
Gurupi is like money in the bank and saleable.
Chinese were interested once (under old management).
New management now.
Operation cost reductions taking hold.
Gold price is higher (and will get higher).
But,
One mine currently shuttered.
Working mines production has been dropping.
Not much cash to work with without borrowing.
Debt out the wazzoo.
Bottom line, JAG teases the crap out of us, I have lost on JAG before (bought at 1.20 when I thought it was the bottom, sold at .92 to escape). JAG is tempting me once again, hard to believe it would go any lower than current level. Can't find much info out there on JAG. Maybe JAG is good candidate for the penny pumpers (I would even jump on board for that short ride up).
Hey acanuck,
I am lousy at trying to decifer short information. Can you translate all that to simple english? Also, does anyone have info about why JAG took a nosedive at the end of Friday? Also, chance of solid recovery next week?
Well, took me a while but I finally caught on. Vague, non-committal, no indication of outlook for 2013. No questions taken. Dilution out the wazzoo and will be getting worse. 4th qtr only 290K (explain that one, I suspect the revenue increase from 2011 to 2012 was due to burning through the million the DLA gave them, and it only took the first three qtrs to spend it all). I have concluded this behaves like any other penny stock. Company is not a sham, I'll give them that much, they just use the common stockholders for a piggy bank like all the others. Because company is not forthcoming on it's expected future performance stockholders are stuck using only hindsight, and I'm not good at that.
On the good side (and I sincerely mean it), I was able to walk away with a 50% gain and I am very very thankful for that. The visit to this message board was a valuable one, I appreciate every one's take on APDN and trading in general. Best wishes to all and to all a good night. Might be back sometime.
Given that 2012 revenue is >2.6M, if the best he can do is 3-4M in 2013 then APDN is dead money. He has to be looking at 10M minimum to keep anyone interested, and that won't be breakeven. Let's see my friends.
I think this 10k is uncharted territory for APDN. I believe 4th qtr will be a loss, but a loss that tempts us to think next qtr will be breakeven or green. I believe outlook will be vague and ambiguous and non-committal. It will be up to investor sentiment and talking heads to determine if stock pops or languishes. Could be this will behave just like a penny stock and be totally subject to the whims of the penny pumpers.
BUT, I hope I am dead wrong and they give some hard numbers for 2013 revenue and profits, and they are stupendusly superb.
I will probably exit the stock to make some other plays while keeping a very close eye on APDN for a future trade. I bought in at .15 and should be very happy with .30ish if that's all she gives me (after all that's a double for me).
Something else to think about. Here is the most interesting tidbit in their announcement of a new CFO:
"He attended the Beijing Language Institute on a joint Government of Canada and China scholarship from 1976 to 1977."
Why would they include this 35 year old seemingly unimportant piece of information. If you turn clock back about a year it gives you something to ponder. Sometimes doors that close can re-open with new players in the game. GLTA
Beyond announcing a few contracts here and there (welcome, mind you) and required PR's APDN is very quiet about the 'state of the company'.
I am beginning to believe that something substantial is up. Could be:
1) A very very big 4th quarter {revenue wise}.
2) A sale of the company {the Dr. cashing in at the top as he has done before}.
3) An attempt to take the company private {then a sell out}.
4) A very big financing deal {with tremendous dilution}.
5) Dividing up the company into smaller entities globally.
6) A proposed reverse split.
As far as prediction after 10K, seems to depend almost totally on if it is penny pumped or not. I'd say $.30 is in the cards definately.
ok.
Do you have a take on how much dilution you think we will see here?
[disclosure: I do not own PEIX but have in the past]