Looks like Nick Garling was a creditor of the company to the tune of $922k. He was smart enough to sell a heap of options and/or shares early on to some Chinese group who took an interest in the company. In doing so he ensured his financial position. Smart move.
I wonder who will end up owning this pipe dream which has hit a number of people between the eyes.
The writing was on the wall for those who were not blind after they constructed the mill and there was practically no gold produced from the ore delivered to the pad.
I hope people can make good their losses elsewhere, perhaps in the next run of gold.
loki (a lucky refugee from MCO)
MCO Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held
