financial statements 30/06/09 $$$ in bank

MCO have released financial statements for 30/06/2009.

Cash as at 30/06/2009 was $1,243m and since that date 13,139,904 options (MCOOB) have been exercised providing the company with another $1,314m.

It appears that they currently have a very healthy cash position approx $2.5m to move forward with their mining infrastructure.

Love to see some more announcements as to current position, but maybe we will have to wait until the quarterly report.

All looks good for the future timings for Morningstar, hopefully producing in a rising Gold price market.


Go MCO Go