MCT 0.00% 0.2¢ metalicity limited

I am quietly optimistic, this is not the same company as it was...

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    I am quietly optimistic, this is not the same company as it was in recent years.

    However I'm still going to be the wet blanket of caution.. back around 2009 Southern Cross Goldfields released some great assays, went up 100% in one day. Sitting on some fat profits, I felt comfortable to ride it out expecting it to climb further. That spike was the ATH. Ten years later it finally hit production, with gold hovering near ATH. Sounds good right? Filed for administration within 6 months due to cash flow issues. I am baffled how it couldn't turn a profit with gold near record highs, and why they even bothered pushing it into production if it wasn't going to be profitable in that environment.
    Last edited by bbloff: 26/06/20
 
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