trading halt, page-23

My thoughts are more of a positive round up of what's been going down with MCO.

Reported:
May 30, "The Melbourne Sun" newspaper, under Sec 29(3) of the Native Titles Act 1993, MCO applied for a 10hectare lease 2.7 km northwest of A1 Mine Settlement.

So my good friend Hagtoweight (the above source) says the exploration side seems to continue at a good pace. "One day hopefully we will be sourcing ore from many locations."

Yet to be Reported:

* Encouraging: Quarterly results from six months into a two year drilling program around Woods Point. The biggest in regional Victorian history.

* Encouraging: On site update on accurately re-defining pre-milling assays.

* Encouraging: Production of above, with now finished upgraded additions to mill.

* Encouraging: Rewards from gold sold to date.

* Encouraging: For many Victorian shareholders, closer liaison with MCO with its HQ Relocation to Melbourne.

* Encouraging: Rose of Denmark developments, providing a deeper insight into the success of this groundbreaking Chinese JV with Mr. Zhaoqin Zeng. (Mr Zeng represents the interests of Shandong Tianye (STG) which presently holds 28M shares of MCO (9.9% of the issued capital of MCO).

* Remember it was not long ago that our chairman NG reported ENCOURAGING inquiry from other Chinese investors spurred on by MCO boardmember Mr Zeng's success & contacts.

In closing, I believe we could see more involvement from the Chinese in MCO - maybe another JV with our trusted boardmember. It was only last month NG was accompanying Mr Zeng, around other potential Au investments in WA.

I remember reporting on HC back in March, that MCO inspired Chinese visitors, dropped $2million in a Perth casino, en route the night before, inspecting MCO. Proving again how the Chinese love to gamble - another few $m, what the heck?

Meantime, I have backed off posting on HC because some of the posters here unfortunately drive me mad, and lately simply border on vicious and vexatious to ridiculous.

I compare some, to an unmarried senior virgin pontificater with no worldly experience, firmly laying down the law on how to keep a relationship together, and how not to educate, so as to rear quality children.

Albeit, not quoting their dubious motives and non experiences. Its a sinister recreational pastime, that some should be ashamed of.

Gleefully arrogantly baiting. Its not as if the mongrels have any shares, or even know the country around Morningstar.

Pleasingly there is a worthwhile minority (on HC) who have maybe visited the mill, (I have been there 4 times), and who fortunately for most of us, know a lot more about goldmining than us all.

Being only a niave newcommer to mining, all I can say is during my last visit, the "MCO team" really wowed me on the way they were getting underneath the job to lift it markedly.

I believe MCO is ready to fly now, and is going to be a fully fledged "Phoenix rising from the ashes," that will prove us longterm holders proud.

Cheers to all us genuine MCO posters!