Baussie : Unless MCO gets into production very soon shareholders will loose confidance in the company, we have all seen it happen with other companies look at AAM still producing but a cap of around $7M now, GBM in a similar situation, also HEG , also the mine Tubalar Carn forget the name but south of MCO. THe differance is MCO does have more potential as is higher grade so there more value for a company with a decent treasury to be able to snatch it and put in a decline.
IMHO The best situation right now to short cirucit a T/O or heavy dilution would be to JV with a miner that has credable underground experience and for NG to swallow some pride, for the sake of his family, his wallet and shareholders and hand over the reigns I have nothing against NG, and he was probably a great banker but in this I feel he is just of his league. And who am I to say that you ask? Its just my amateur opinion I admit. I genuinely hope morningstar is profitable for all stakeholders what ever happens.
MCO Price at posting:
30.0¢ Sentiment: None Disclosure: Not Held
