Concerns about MCO ManagementMCO management (NG) have made all...

Concerns about MCO Management

MCO management (NG) have made all sorts of promises but failed to deliver.

Should NG continue to call the shots just because he has the most shares?

This type of management by who has the most shares gets to be the boss is doomed to failure.
Yes NG has kept costs down.
Yes NG is a very ardent supporter of MCO
Yes NG is the biggest shareholder.

However does that make him the best person to develop this company?

Just remember that although NG holds a large percentage of this company, there are a hell of a lot of other shareholders who have skin in the game.

I reflect to the broken promises;

Updates on a monthly basis
Production at 27000 ozs commencing at the start of 2011

I reflect on the lack of information;

I obtained information about commissioning problems on Hotcopper
I obtained information about winder problems on Hotcopper
I obtained other updates on Hotcopper from members who had personally spoken to NG

Have a look at the London presentation dated 08.11.2010 (on ASX)where MCO state they will be producing 34000ozs in 2011 and generate a profit of 26.7 million dollars in 2011.

This was presented some 7 weeks before the end of 2010. How can anyone comprehend thing stuffing up so badly 7 weeks out from 2011 production.

I cannot find the London presentation on the MCO website, what does that imply.????

I do like the potential of MCO, but surely Nick has had his day in the sun!

Why do I say this, - because I feel like a mushroom, kept very much in the dark.

Before people say why don?t you sell if you don?t like the situation.

It is because I do believe MCO have something there but I don?t believe they have the current management to pull it off.