MCO - Morning Star Gold

Miner said:

BTW are you one of the business speech writers or an author -

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No, just a retired engineer on a pension.

Looks like another sorry end for a Victorian gold hopeful. The major shareholder has pulled the pin on $10M worth of financing and they have no cash left. One thing I could never understand with MCO. Why didn't they build a decline and use bulk tonnage methods. Shifting small amounts of ore up a winder seems an odd way to advance a project given the huge labour costs involved in this method.
Glad I listened to an experienced air-leg miner who told me to avoid this project like the plague.

MCO has been under many question marks for years . It has been run on a PR basis and hyped by a tight team of rampers in the Nik club . Anyone who was around in the days of Consolidated Victorian Goldfield [Company] , run on a indentical play as MCO would have told the story how it was to develop etc.,. These Victorian goldies all go the same way . Why risk ones hard earnt on these dogs!

disappointing for another Vic goldie to fall over. Lots of burnt shareholders out here