MCO may have been placed in administration in Nov 14, but the...

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