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10/21/16

Hey, I wonder why Metanor (MTO.v) left it until late on a Friday to file its annuals?

Is it the 75m shares added in the year?
Is it the $0.78m negative working cap?


Or is it this, the accountancy violin concerto?

During the quarter ended June 30, 2016, the operating income totaled $6,162,768 compared to a loss of $1,503,017 in 2015. The revenue, cost of sales and gross loss totaled $15,492,036, $15,636,711 and $144,675 respectively compared to $13,989,447, $14,424,851 and $435,404 in 2015. This increase of $7,665,785 is mainly explained by the reversal of an impairment charge on exploration and evaluation assets of $10,586,490 and the impairment of property, plant and equipment of $3,050,000.

The paid pumpers who'll shove this in your face on Monday, example Jay Taylor and Thibault Laputain*, will skip over the bullshit asset re-rating and point to a non-existent paper profit. The single worst gold mining company in Canada, anyone owning this needs specialist psychiatric help. Eric Sprott and Nolan Watson, step forward.

*i think that's how you spell it :-)