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

Ann: Change of Director's Interest Notice , page-14

  1. 33,763 Posts.
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    Quinty wrote

    "Notice NST has rocketed up 20% on a very weak bit of news compared to what I believe we should be in for....."

    I wouldnt call the highest grade hit in Oz for possibly 40 years and a possible complete new parallel lode structure a "very weak bit of news"

    In saying that my small punt on CGT has gone from 16cents to under 10 cents in a week.

    Really comes to having all your ducks in a row, just one weak link and its a house of cards for any of these miners.
    Looks like CGT has not kept control of costs and is not utilising selective mining techniques (ie air-legs). MCO seems more conservative the upgrade with the winder will give a good return on capital, more productive hydraulic operated airlegs will increase production rate, and a small semi automated HMS plant means lower processing costs.
    Be good if you guys start pouring before Christmas though!
 
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