Symbol Lookup »
($$) Newsletters »
Self Directed Investor Inc
Newsletters ($$) »  Email alerts (free) »  RSS »
SDI: "Empowering investors with ideas and education"
$$  Newsletters  |  FREE   ♦ Articles · Videos · Calls  |  TOPICS  ETFs · Earnings · Economy · Energy ·  ♦ Gold · Income · Personal Finance · Trading


The Gold Stock Strategist analyzes leading junior gold producers and major gold mining companies.

Comments are welcomed!

Tuesday, April 22, 2008

Goodman adds 800,000 shares of Metanor

Goodman Company recently added 800,000 shares of MTO to 10 million already owned for a total of 10.8 million shares. Goodman distributes shares to investment mutual funds. That is about 15% of Metanor's outstanding float. Another group of large holders of Metanor are self-directed individual investors I am familiar with who hold a self-reported 13% of Metanor shares. Add another 7% or so and that puts about 35% of Metanor's shares in what I consider strong hands. Other institutional holders are likely also strong hands and adding those holders in means the total is over 50% if my memory serves me.

Metanor's share price is consolidating nicely above $1.00 a share. I expect the share price to rise from this level after 1Q financials are released and into June. How much higher the shares run is anyone's guess.

Everything seems to be on track for Metanor Resources. Timely hitting of milestones in the execution of a plan is a key trait I look for in emerging junior gold mining producers. Metanor has executed well so far in 2008.

Here is the SEDAR report language by Goodman and Company.

"Since our last report filed on March 10, 2008, G&C, on behalf of one or more of the mutual funds or other client accounts managed by it, acquired 800,000 common shares of Metanor Resources Inc. (“Metanor”). This represents an increase in G&C’s position of metanor by 1.12% on an undiluted basis, as at March 31, 2008.

The designation and number or principal amount of securities and the eligible institutional investor’s security holding percentage in the class of securities at the end of the month for which the report is made. G&C, on behalf of one or more of the mutual funds or other client accounts managed by it, exercises control or direction over 10,800,000 common shares of Metanor. This represents an approximate 15.05% interest, on an undiluted basis, as at March 31, 2008. "


No comments:

Gold Price Chart--Interactive

HUI "Gold Bugs" Index--Interactive

Breaking News!

    follow me on Twitter

    Gold & Mining News

    Seeking Alpha on Gold and Miners

    Lijit Search

    Disclaimer and Copyright

    Gold Stock Strategist receives no payments from companies in exchange for coverage. The Editor does own and authors may own and trade stocks they mention.

    Nothing in is intended to be investment advice, nor does it represent the recommendations by or other authors.

    The reader accepts information on the Gold Stock Strategist with the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action.

    The information on the Gold Stock Strategist is solely for the entertainment of the reader and authors.

    The Editor reserves the right to delete material deemed inappropriate for

    ©2008-2009, Nystrom & Associates LLC, All rights reserved and protected under US copyright law.

    FEEDJIT Live Traffic Feed

    SDI Featured Articles | Self Directed Investor | Copyright © 2008 - 2009, All Rights Reserved

    Any ideas and opinions presented in Self Directed Investor content are for informational and educational purposes only, and do not reflect the opinions of Self Directed Investor, Inc. or any of its affiliates, subsidiaries or partners. In no way should any content contained herein be interpreted to represent trading or investment advice. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All site visitors agree that under no circumstances will Self Directed Investor, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.

    SDI is associated with: -- participation in SDI's conference calls is available exclusively to ValueForum members. | -- weekly SDI videos are produced by Market News Video. | -- stock quote content is at least 20 minutes delayed and is powered by Ticker Technologies. | -- Edited by Scott V. Nystrom, PhD, Gold Stock Strategist provides analysis on gold mining companies.