Jay Taylor, in the June 17, 2014, edition of Gold, Energy & Tech Stocks, downgrades Metanor Resources Inc. (recently 15 cents) to a hold from a buy. Mr. Taylor said buy five times between Feb. 12, 2008, and Jan. 17, 2011, at prices ranging from 42 cents to $1. He then said sell on Feb. 14, 2011, at 31 cents. Assuming a $1,000 investment for each of the five buys, selling the $5,000 position at 31 cents yielded a loss of $2,242. Mr. Taylor said buy three more times between Oct. 17, 2011, and Sept. 18, 2013, at prices ranging from 20 cents to 36 cents. Assuming a $1,000 investment for each of the three new buys, the $3,000 position is now worth $1,804. Mr. Taylor says Metanor is the main company of concern in his portfolio of Progress A1 gold and silver producers. The company has had to issue new shares as it continues to bleed cash. The editor expects Metanor to eventually turn cash flow positive and generate profits, but says there will likely be more dilution before that happens. A rise in the gold price will relieve some pressure, but for now Metanor is a hold.