just been looking at the chart this morning, it's been trading in the 20 - 25c range for around 6mths. As you say it's STILL in the up trend. we'll see.
I've bought MCOOA at an average of 5.3 which works out at a 30.3c MCO, which at the moment a 32% DROP!
I'm I worried.....NO.
I have been to the mine done lots of research. They will be making 50% profit during trail mining. They are worth only $24m at the moment.
Gold price could drop to US$ 600 and MCO will still be making profit.
It might not be this year or the next, but MCO will be well in the money when I sell these babies. I will also be picking up heads at this level (when money flows into Carlisle Coffers).
Hail Hail long term holder.
MCO Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
