Sounds very similar to what I have said, but now it's being stated as public knowledge.
Metanor Resources (MTO.V) has announced earlier today they only produced 2,346 ounces in March, which is obviously a big let down as we were aiming for a production rate in excess of 3,000 ounces per month from now on. As Metanor needs to sell approximately 2,700 ounces per month to remain cash flow positive, this is obviously a disappointing production update.
We don’t know what’s the biggest discouragement. The fact the company only produced a little bit over 2,300 ounces, or the fact they are trying to hide their bad production numbers by releasing it as a side note in a press release about drill results.
We are extremely disappointed in the lack of transparency, and hope Metanor will be honest with its shareholders from now on.
Sooner or later the back stabbing, cheating and lying was going to catch up to them. IMHO.
Looks like sooner...BA-DA-BOOOOM!