I know MCO has a cult like following and that is a worry when...

  1. 1,730 Posts.
    I know MCO has a cult like following and that is a worry when you love a stock.

    In my experience, all gold company management come into question sooner or later. Sure they have done well so far. Hats off. But they are so early in the stage of getting a mine up and running.

    I can't see them getting the capital they need to get the mine up and running any time soon. That's why I sold.

    Having a director holding 25% of MCO leaves a SPP out of the question. So they will probably look for a larger investor to finance them. However with only a market cap of $17 million, it will probably be a small raising. Not enough to do any significant project.

    I'm not sure how long the timeframes some think it is to go from a explorer to a significant producer.

    However, all this doesn't mean the share price can't appreciate of course.

    Good Luck.
 
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(20min delay)
Last
1.2¢
Change
0.000(0.00%)
Mkt cap ! $7.159M
Open High Low Value Volume
1.2¢ 1.2¢ 1.2¢ $808 67.33K

Buyers (Bids)

No. Vol. Price($)
1 117667 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 200000 1
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Last trade - 10.35am 02/07/2025 (20 minute delay) ?
MCO (ASX) Chart
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