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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: niceguy767 who wrote (64759)	4/11/2009 10:12:49 AM
From: AlphaRomero	1 Recommendation Read Replies (2) \| Respond to of 78408

I've been in and out of MTO since 2006 and have been upset as well by the massive dilutions, including one about 18 months ago. They always seem close to "being out of the woods" and cash flow positive. OTOH, there are a few PP participants on ValueForum.com who love the stock, even though they're underwater as well. Most of my $$ is in current producers like RIC, CGLD.OB, HL, etc that are (hopefully) over the more serious risks and hurdles.

To: niceguy767 who wrote (64759)	4/12/2009 8:28:47 AM
From: Illogik	Read Replies (2) \| Respond to of 78408

Do they have any 43-101 reserves at Bachelor/Hewfran? If not, where will these 70,000/y onces come from? Barry?

To: niceguy767 who wrote (64759)	4/12/2009 11:05:40 AM
From: Postman	Read Replies (1) \| Respond to of 78408

I am not referring to MTO but in any situation when there is money to be made we can all get very creative about ways of grabbing some - I was invested in a technology company where management paid themselves top salaries for their type of business while constantly running at a loss- -Then they diluted the stock by 100% in order to keep that salary status quo- shareholders end up with a piece of crap stock price and a running loss of a company... A few of these circus acts makes you very skeptical indeed- MTO management can obviously get things done- -The dilution is a bit of a shocker however- What is their projected cost of producing an ounce of gold and can it be believed that they will meet it? I would consider investing if I thought they would produce at a profit because they are talking about $50 million per year in revenue if gold holds up in price-