Like Discoveryman, I would love to see some production figures from the development ore and/or the high grade ore.
I note that gold hit a new all time record high of US$1,594.90 overnight due to US & European debt concerns.
At an exchange rate of 1.0724 the POG in Aussi dollars is therefore a whopping $1,595.60 per ounce at the moment.
With MCO about to ramp up production, unless there are more problems of which the market hasn't been informed, the overseas investors must be happy with their 46 cps investment.
So why are the overseas investors not buying more MCO shares at the current bargain prices?
The answer may be in the MCO "Share Trading Policy" whereby directors are barred from trading during specified "Blackout Periods" or until market sensitive information has been released to the market. The next quarterly report is due in a few weeks so we may see directors buying after that if it is loaded with good news.
MCO Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
