Welcome To The 300 Club HUB On AGORACOM
We may not make much money, but we sure have a lot of fun!
  • Demo Video
  • Private Messages
  • Edit My Profile
  • View/Edit Portfolio

AGORACOM News Flash


AGORACOM WIRE .... WEEKEND EDITION

TOP STORY .... AGORACOM Launches GraphiteStocksBlog.com

We're proud to announce the launch of GraphiteStocksBlog.com a website dedicated to the needs of investors and companies in the fast growing Graphite industry.

INAUGURAL GRAPHITE SPONSORS

 

AGORACOM INTERVIEWS ERIC SPROTT: Eric Discusses UC Resources $1.5M Investment INTO Sprott + Current And Future Silver Path

Message: Metanor - MTO

Cheeky_cub
Rank: [?]
President
Points: [?]
8388
Rating: [?]
Votes: 91 Score: 3.5
  • Currently 3.6/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Metanor - MTO

posted on Nov 17, 09 05:31AM

Some of you have no doubt been following this story. The stock has been under a cloud since the accident, in spite of good drill results in their pit expansion program. The question of criminal negligence was raised, and I suppose that's what's holding it back.

I have little experience with mining, but a fair amount when it comes to the oil industry and dealing with hazardous conditions.. As the foreman in charge, knowing the mine was previously flooded and knowing the cage could only be controlled from the surface, I would have sent it down empty first to see if it came back wet. In my mind there was negligence in not doing so, but is it criminal, and at what cost to Metanor?

In short, are we seeing a buying op. here, or is this something to avoid as the market seems to suggest? I have little knowledge of the law as it pertains to mining practice. Could this cost them the company, or is it something they can recover from? I'm prepared to buy at these prices and wait it out if someone more knowledgeable can concur. Anyone?

ebear

New Message

Please login to post a reply

AGORACOM Quick Tips

Recent Drill Results: 63m of 1.21 g\t gold and 2m of 13.95 g/t gold ... Learn More!
Watch
Today's Show
in 00:00:000

President's D.D.

New feature: Hub Presidents can add important links here.