Topic: How To Invest

Hi, Pat. Can you please comment on Metalore Resources? Also, is there anything going on with its gold prospects?

Article Excerpt

Metalore Resources, $2.88, symbol MET on Toronto (Shares outstanding: 1.8 million; Market cap: $5.1 million; www.metaloreresources.com), produces natural gas in Norfolk County in Southwestern Ontario. Right now, the company is producing gas from 85 wells. It also distributes gas to 85 businesses and consumers along its gathering pipelines through an agreement with Union Gas Ltd. Metalore is in the early stages of exploring its 100%-owned Cedartree Lake gold property near Sioux Narrows, Ontario. It also has 21% to 26% joint-venture interests in a group of over 600 gold-mining claims in Ontario’s Beardmore-Geraldton area. For the three months ended September 30, 2014, the company reported revenue of $230,842 from natural gas sales, down 9.7% from $255,554 a year earlier. Cash flow rose slightly, to $103,243, or $0.06 a share, from $102,797, or $0.06. Metalore declared its 15th consecutive annual dividend, of $0.04 a share, in December 2014. The stock yields 1.4%. The company will likely be able to keep paying its dividend, but it has…