I am not a shareholder of this stock (although I once was) and...

I am not a shareholder of this stock (although I once was) and have been looking for an opportunity to re-enter for quite some time but I have officially put Michelago in the " not a chance" basket now.

Dont get me wrong, Biogold could still get off the ground but this latest announcement will leave the shareholders of MIC absolutely livid.

The current shareprice is weighed down under a mountain of scrip - its evident these is still a large seller clearing their decks, which appears strange given the producing potential of biogold...some 100000 ounces per annum!!! This is extraordinary for a stock trading @ 3 cents!

Biogold has been handled poorly - no doubt about it.

Would appeciate others opinions - Cdchi, if you're out there somewhere, wouldnt mind hearing what you have to say about this one.

Cheers

Marchello