as we await some news it looks like MCO sp is building a base.
the only sellers appear to be a few short-termers who wanted more sp action. with no announcement out they are bailing. this could be a good thing. as when the big news hits the wires then these loose hands will be out of the way.
maybe the big announcements that we are awaiting needs the DPI to flag the go-ahead first. then a stack of price sensitive info hopefully comes down the pipe - & we get the expected re-rating.
toll treatment of ore followed by a plant go-ahead would stir the fires. and we may get some news on how many options have been converted to this point too i.e. money in the tin.
i am pretty bullish on MCO & all i see is upside (with a bit of piddly selling between news).
so in my mind the re-rating is soonish.....
banjo.....apologies for the oversight of the usual "sunday-in-the-pulpit" spray. i was in too much rapture over the AFL grand final. what an amazing game of footy in the wet.
MCO Price at posting:
31.0¢ Sentiment: Buy Disclosure: Held
