How long is it going to be before we get some news that is going to get some interest back in this stock. Trade and intrest in MCO has been so little lately that it can,t even be used in the stock tipping comp. Yet if you go through the quarterly report there is a pile of info that could have been used for some news releases , and while it may not have resulted in a big increase in share price it may have generated some interest . Important info imo in the quarterly that could have been released on there own ,would have been the fact that the jaw crusher and some other equipment from dempsy,s , is going to be used at morningstar. There were several new Dykes mentioned that recorded some interesting grab sample assays. ( 5 and 15 grams respectively). Change in focus from maxwells (still considered important} to easier ore bodies in the upper levels to initially sustain production of 50- 100 thousand tonnes of ore per annum. (possibly up to 100 thousand ounces a year if historical grade are achieved.)There are probably other bits of info in there also that are probably worthy of a news release . IMO this stock is way way more advanced and prospective than just about any other near term producer in Australia, with far more potential than most as well, yet it is still one of the cheapest if not the cheapest if you include grade factoring per ounce. Price of gold is 400 an ounce Aus higher and the project far far more advanced than when the share price was hovering around the low 20,s and turnover on a average day was 2- 3 hundred thousand shares. . ONly 9 months till the oppies expire so imo we need interest to start gaining so that when production restarts later in the year people are at least aware that MCO exists and has the potential to be one of Australias,s premiere gold mines. Were not cash costs before only expected to be around 300 an ounce from maxwels. the costs for the upper levels that have already been developed could well be lower. Its a stock that you need to go into detail and read all the old reports and presentations to fully understand just how much upside MCO realy does have. People may look and steer clear because cash at bank is not that great but look at how close to mining it is, and more than likely in high grade ore from day one of a restart of production. Sure not enough in the kitty at the moment to pay for a new plant but plenty of cash to stockpile and go and toll treat it they run short of funds, till a plant is operational. Yes interest needs to be generated now so people are aware. LOOk how long it has taken Slr to get recognized and for the share price to respond to constant good news. Just don,t want mco to sell its oppies short as the market may take a long time to realize the full potential when MCO does start to deliver the goods. In the mean time i,ll just accumulate a few more at near giveaway prices and sit back and watch grass grow for my entertainment.
MCO Price at posting:
13.0¢ Sentiment: LT Buy Disclosure: Held
