MCO may have been placed in administration in Nov 14, but the mine closed in mid 2012 when the price of gold was a lot higher .MCO never found sufficient economically recoverable gold- it has been said many times that anyone can recover gold- it is doing it profitably that is the skill!
I think it is very poor that the Board of Directors did not put out an announcement re the Administration- left it to Administrators.
I think mining stopped in June 2012. I checked the cashflow reports for the following 2 years. Unless I am mistaken, it appears that MCO spent over $1.9 million on administration SINCE the stock was suspended and mining ceased. That seems a huge amount to me for a company in the position that MCO was in from 1 July 2012
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- Ann: Appointment of Joint & Several Administrators
MCO
myeco group ltd
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Ann: Appointment of Joint & Several Administrators, page-8
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.625M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.6¢ | $2.251K | 140.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 180467 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.7¢ | 33001 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 180467 | 0.015 |
4 | 449998 | 0.014 |
1 | 500000 | 0.013 |
1 | 83400 | 0.012 |
3 | 286439 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 33001 | 1 |
0.020 | 161049 | 3 |
0.021 | 20000 | 1 |
0.022 | 100000 | 1 |
0.023 | 220000 | 1 |
Last trade - 14.44pm 29/07/2025 (20 minute delay) ? |
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MCO (ASX) Chart |