MCO
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0.00% 11.0¢ morning star gold n.l.

I would be amazed if they can find an underwriter.The company...

  1. lindfield
    1,845 Posts.
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    12/06/12
    10:50
    Post #: 10292922
    I would be amazed if they can find an underwriter.

    The company has to date produced very little gold. Put to one side the money spent on infrastructure. MCO's cash costs per oz produced far exceed the price of gold.

    MCO needs to find gold that it can mine at a profit. Until it can do so, it is in trouble, in my opinion.
    MCO Price at posting: 11.0¢ Sentiment: ST Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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