last day for take up, page-6

MrsSmith - I assume that you haven't taken up your rights entitlement then?

They haven't duped me yet, I'm goning to sleep on my final decision tonight(am leaning towards taking up the entitlement at this stage)

We all know the history of this company ie extremely poor management, mis-management of key projects,etc, but they appear this time to be closer than they ever have before to getting Skardon off the ground.

Considering that they will raise around $5m, plus the cash to come from CCG and Cominco, MSC has probably bought themselves another 12 months to get this thing off the ground.

I think it is a calculated risk worth taking but I will sell if the price dips below 1cent, no more money will be lost on this stock!

I will not be surprised however if MSC does go under in the next 12 months, this is still a possibillty.

Has anyone read the audit report contained in the annual report? Such audit reports with semi-qualifications are very rare for a public company which is concerning.

The report means that the auditors - Grant Thornton - do not beleive MSC's Skardon River sales forecasts. Any thoughts?