Darren, I think you need to calm down a bit mate. I mean that in the nicest way. IF MCO can mine the prjected grades at the projected costs, then the risk on this stock is greatly decreased compared to many other listed goldies IMO. The issue we have at the moment is we dont know! Whilst I am fully loaded on this, and sitting on a hefty unrealised loss, im not really that worried at this point in time. I am actually feeling more comfortable now than I was 6 months ago. Sure the share price is dwindling however apart from no really recent info there are a number of factors contributing to the weakness. Some of these include; 1. We are in the week of Chrissy 2. Europe is teetering. (liquidity feeze) 3. Talk of a hard landing in china 4. talk the gold run is over
Alot of investors dont know where to put there cash at the moment. If you have done your research on this stock ask yourself - what has changed in the past 6 months that would warrant me selling? If it is the shareprice only then maybe u can answer your own question!
MCO Price at posting:
23.0¢ Sentiment: Hold Disclosure: Held