zzzzz1, i don't think they're talking about rejigging any options given to 30c placement takers....... well that comment could apply to 7 or 8M of them....... the bulk of those mcooa options went to all holders in a 2007 rights issue, IE every shareholder including me and probably many folks here at 1c........ yes there's a risk for all takers spelled out in the prospectus...... and the mcooa did trade as high as 20c???? from memory....... but a variation it's clearly what the shareholders want (well most of them) and it's easy for the company to put a bit away at the same time from the raising........ i have seen these deals before an everyone gets a chance to participate as there is a standard value date etc....... i don't think these guys could ever be accused of playing only to 'big players'...... my feeling speaking to them over the years is they are always happy to have joe public involved......
as to drilling holes in the ms dyke, i agree a few deep surface holes a good idea but i don't think you can do yourself harm by doing first ever deep holes into large regional dykes........ they've done b*gger all drilling into anything other than ms mine recently (6 shallow holes into waverly so far only)...... it's the drilling at ms mine (which proved a nice jorc resource sure) but which has cost the bucks i'm sure and the prep for maxwells........ i would like to see them push on with maxwells as they are so close and that is the feeling i got from the boardroomradio piece and from speaking to garling on w/e........
MCO Price at posting:
12.1¢ Sentiment: LT Buy Disclosure: Held
