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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@Newton#delisting$met. Anyone have experience with this company or people behind it? Also curious about broader statistics around delistings... are we getting something of a clearing event after all? Not enough in some people's eyes, but capitulation isn't fun. Not even clear to me that it is good for "the market". Maybe good for #rickRule but not others, on balance?
anonymous$MET was not spending enough money each year on exploration the TSX requires at least $350,000 to be spent on exploration, it fell short by about $38,000 when it changed its focus to an Ontario hydrocarbon project
@stateside@newton - $MET - Used to own it and went to one of their AGM's in 2006 or 2007 I think. They have a great gold property that only get's worked on if they have profits from nat gas sales. Chillian has been president for over 50 years and refused to raise money via PP's to fund exploration. Liked the fact they had the lowest number of shares on the TSX (never a roll back) and paid dividends. The successor to George hopefully will raise money to explore - they have had some spectacular gold hits in the past.
@NewtonWow @stateside what colour on $met there! Of all the things, a junior that didn't do PP is new to me. Exec didn't want to play junior game, eh? Found his own rules -- financing gold explo with another cash-flow-positive asset. I can connect a few dots as to delisting there, but would love to learn more.
@stateside@newton - $MET - George doesn't like to issue press releases and would take a year or two to provide high grade gold, knock-your-socks-off assays to the general public. He runs the company his own way. It's always on my watchlist for when he steps down.
@stateside$MET I knew George and had gone to several AGM's. A good man. Had the lowest number of shares outstanding on the TSX for years (under 2 million with never a roll-back) until they were downgraded to the TSX-V a few years ago. Metalore Resources president, CEO Chilian dies...2017-04-21 10:19 ET - News Release
Metalore Resources Ltd.'s long-time president, George W. Chilian, has passed away. Mr. Chilian has been president and chief executive officer of Metalore since 1955, an impressive 62 years.
@stateside$MET - I believe these is a multi-million ounce, high grade gold deposit on Metalore's Cedartree property near Kenora. George would only drill it when he made profits from his natural gas sales, which of course were sparse the last 8-9 years since he wouldn't dilute the share structure. His sons may be more willing to drill that out but time will tell. http://www.metaloreresources.com/gold.html
@statesideNew Stateside Report Podcast - April 23, 2017 - http://www.statesidereport.com In this week's episode of the Stateside Report Podcast we take a look back at the week in gold, silver, the base metals and the stocks, We talk about the upcoming GDXJ re-balancing and finally we talk about the key press releases from the week in the Canadian junior exploration sector including Barkerville Gold Mines $BGM Camino Minerals $COR Canadian Orebodies $CORE Volcanic Gold Mines $VG Spearmint Resources $SRJ Adamera Minerals $ADZ Alto Ventures $ATV Arizona Silver Exploration $AZS Evrim Resources $EVM Alset Energy $ION GT Cold Corp $GTT Kootenay Zink $ZNK Pasinex Resources $PSE Metalore Resources $MET . We talk gold, silver, lead, zinc, copper, uranium, natural gas, oil and CEO.CA.