financial statements out, page-4

plough

have you forgotten that MCO will be cash flow positive by the end of the year after processing a few thousand tonnes of ore? (not firewood!)

digression:

looking at the current US economic "system" I have no doubts that precious metals and related stocks such as MCO are the only place to be - it's the most defensive position imaginable

watching the US crisis and the investment patterns as they develop we are seeing a move by aussies into defensive blue chips and into stocks that will survive a recession, then into AAA rated bonds and cash, and when AAA bonds look overpriced and when cash looks like being subjected to hyperinflation the final defensive position is precious metals (the RBA looks like it's about to ignore inflationary pressures and let them run)

the big game at the moment by the financial powers-that-be is aiming at every opportunity possible (via the media) to convince investors that paper money and "financials" is the place to be and that precious metals are only for the foolish

but "the people" are having their say (voting with their feet!) hoarding gold:

http://www.ft.com/cms/s/0/bf8246aa-8f13-11dd-946c-0000779fd18c.html?nclick_check=1

I sometimes think that MCO should be hoarding its gold too - it's not a bad thing keeping it underground IMO and only taking out enough to be cash flow positive in these extraordinary times

my controversial views here provided for the purposes of contemplation by True Believers - just for fun