MCO 0.00% 11.0¢ morning star gold n.l.

chiefjoseph in the sin bin, page-21

  1. 302 Posts.
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    Brno

    I appreciate and thank you for your comments and a number of them have been proven correct. I am more than happy to hear well founded negative comments rather than just continually hear from the good news brigade.

    I contacted NG to ascertain a number of issues and one in particular was why had he left his run so late to organize finance.

    His answer was very limp along the lines of seeing if the options would come in and also, he is currently in discussion with potential contributors for some form of capital raising.

    Sadly the lack of finances with an imminent capital raising have impacted on the share price and whoever is going to inject money into this company will hold the upper hand and can command a significant deal for themselves but will greatly impact on current shareholders.

    NG still hasn't adequately explained why no ore got to the surface, what was wrong with the management overseeing the
    mining operation.

    DM
 
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