Camjobel, Yes, it's been disappointing that the price has dropped so much, obviously part of the rise was due to people getting on board to qualify for the options. I was talking to one of the directors only a week ago and he also thinks part of the drop is being a Victorian gold miner and the geological (State) association with problems of some of the others are going through - he mentioned Bendigo specifically but there's also Ballarat been having problems and also Leviathan, all seemingly with huge resources and not being able to mine them profitably or otherwise (downgrades etc). There's a perception with gold experts at the moment that the Australian gold mining industry is not performing as well as it might and my thinking is that this is creating a negative sentiment regarding gold stocks.
Cheers
Fletch
MCO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
