Plough, it is my opinion, reading between the lines, that somehow the mining trial missed the target. Whether this was due to the mine manager stuffing up, the computer modelling being inaccurate or who knows what else, I just don't know. Thats why I believe mining was halted as it was no good using the remaining cash to mine where the currently were. I see geologists sitting underground with laptops making damn sure, that on resumption, they get it right. Rather than try to raise the 5-10 mil brno mentioned I would rather see it at a couple of mil so they can restart mining and produce some gold. Then in 6-12 months time hopefully the overall market will be better and a cap raising done easier at a much better price. Raising 5 mil at, say, 10c/share is 50mil new shares and a lot of dilution for not that much money. It seems that generally the resource is regarded of sound and desirable so successful production at a reasonably low cost would see many willing to stump up, imo. Anyway plough, no grudges harboured by me about you, I just didn't like your accusation that since a hiccup emerged people like me were trying to 'guild the lily' to unload on the unsuspecting. I haven't sold any even though it was obvious that the halt to mining and laying off of staff would lead to a considerable knock to the sp. I back my judgement and wear the consequences, no good bailing at the 1st sign of adversity, MCO plans had worked like clockwork up until recently and no ship sails calm seas forever!
Cheers Mal
MCO Price at posting:
10.7¢ Sentiment: LT Buy Disclosure: Held