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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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.820M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5384 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 1 | 1 |
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| Last trade - 09.59am 04/07/2025 (20 minute delay) ? |
| MCO (ASX) Chart |
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