Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

25 Pages (Click to Jump) V   1 2 3 4 > »    
 
  
Reply to this topic

MCO, MORNING STAR GOLD N.L.
melua
post Posted: Apr 13 2013, 11:10 AM
  Quote Post


Posts: 5,739
Thanks: 1211


In Reply To: whatevertrevor's post @ Apr 3 2013, 09:50 AM

It wont be easy raising any money in the current environment. Gold smashed last night and now below $1500.

 
whatevertrevor
post Posted: Apr 3 2013, 09:50 AM
  Quote Post


Posts: 1


In Reply To: melua's post @ Mar 2 2013, 08:24 AM


MCO PHOTOS

some progress is better than no progress at all!

have a great week everyone!

 
melua
post Posted: Mar 2 2013, 08:24 AM
  Quote Post


Posts: 5,739
Thanks: 1211


In Reply To: melua's post @ Jan 3 2013, 03:57 PM

From the Australian Financial Review:

MORNING STAR ON THE WANE

"Morning Star is redeveloping the old goldmines around Woods Point in Gippsland. Two million ounces have been produced from the mines in the past, but they haven’t been worked for half a century. Morning Star has an inferred resource of 2 million ounces at 11.2 grams per ton, mostly below the water table, and last year began modest production. Last April Morning Star’s major shareholder, Chillee Limited of the UK, promised to provide $10 million to help increase production.

All sounds jolly good, eh? Except that Chillee reneged. It unilaterally terminated the funding on June 7, barely six weeks after the agreement had been announced.

The kindest description of Morning Star’s behaviour since then is that the company has been floundering. It has been trying to find an alternative financier, but none has arisen – or certainly not on acceptable terms.

Nor has Morning Star yet produced its annual report for the year to June 2012. The shares have been suspended. A few days before Christmas the board said it had sent the year’s accounts to the auditors. Assuming the accounts were approved for release before New Year’s Day, the company’s annual meeting would be held in February.

The accounts still haven’t been released, February is gone and there is still no date set for the annual meeting. Nor any glimpse of a white knight riding to the rescue with another $10 million.

CHILLEE LTD VIA LICHFIELD, UK

In his usual helpful way, Pierpont has been trying to track Chillee Limited. But as a total dunce when it comes to technology, he must have erred because the only Chillee Limited known to Google is a small construction company housed in the Staffordshire town of Lichfield.

Pierpont knows Lichfield and Mrs Pierpont knows it even better. It is a charming town of some 32,000 souls just north of Birmingham.

There is evidence of a flint industry around Lichfield in Mesolithic times, and in the 18th and 19th Centuries it thrived as a coaching centre. But they’re about all Lichfield’s claims to financial greatness.

However, the fine medieval Lichfield Cathedral is one of the oldest places of Christian worship in Britain and the burial place of the Anglo Saxon missionary St Chad. Indeed, in the 9th Century Lichfield’s bishop outranked the Archbishop of Canterbury. So it’s a great spot for spiritual uplift, which Morning Star seems to need.

Pierpont rang Morning Star to check whether its Chillee Limited was the one in Lichfield, but he has not yet received an answer. As Morning Star’s cash was down to $3000 at the end of December, Pierpont can only assume it can’t afford phone calls."


Put this flea-infested dog officially to sleep!!


Said 'Thanks' for this post: triage  
 
melua
post Posted: Jan 3 2013, 03:57 PM
  Quote Post


Posts: 5,739
Thanks: 1211


In Reply To: boundless's post @ Jan 2 2013, 06:54 PM

40c? yeah sure...after a 20/1 consolidation.
You'll learn the hard way. The only losers around here are gumbies who piled into the MCO hype.


Posted on October 10, 2010 by boundless: "Some people are saying they wouldn't touch this company with a 10 foot barge pole."

You should have listened to those people boundless. Instead you listened to people who have NFI and your MCO gamble is burnt toast.
As soon as MCO decided NOT to build a decline, they were history.


 
boundless
post Posted: Jan 2 2013, 06:54 PM
  Quote Post


Posts: 203
Thanks: 7


In Reply To: melua's post @ Jan 2 2013, 06:51 PM

Melua




You have no f#@#@ idea what you are talking about. This is about to relist at 40 cents. Loser!



 
melua
post Posted: Jan 2 2013, 06:51 PM
  Quote Post


Posts: 5,739
Thanks: 1211


In Reply To: boundless's post @ Oct 28 2012, 10:12 AM

Posters like tazmac were warned a long, long time ago but they refused to take off their rose-coloured glasses. The stock was 30c when I first called it "worthless".

 


boundless
post Posted: Oct 28 2012, 10:12 AM
  Quote Post


Posts: 203
Thanks: 7


Why would Mike leave MCO if it has a great future??!!

 
melua
post Posted: Oct 27 2012, 05:55 PM
  Quote Post


Posts: 5,739
Thanks: 1211


In Reply To: blowout preventer's post @ Sep 23 2012, 10:54 AM

Mike Botting is now the Operations Manager at Mancala so he's not coming back to MCO.

 
blowout prevente...
post Posted: Sep 23 2012, 10:54 AM
  Quote Post


Posts: 790
Thanks: 60


MCO is one stock that will go down in history along with many goldies that went the same way in Victoria . Anyone who bothered to research the Victorian goldfields history would have avoided MCO . To make it easy , one would only had to look at Victorian stocks in the last 20 years . Same plot ; hype and promote ; CR's ; people type ; narrow vein ground ;multiple mines [ Eureka Mines was a great one , spun to attract / bait the Packer Family ] [ Twiggy Forrests forced involvement in Victorian goldfields , through Far East Capital another ]

MCO was nothing new on the block !

 
boundless
post Posted: Sep 17 2012, 08:35 PM
  Quote Post


Posts: 203
Thanks: 7


I'm hearing good things about MCO. Will be trading again shortly and look for a quick spike to 20c +.

Great news!!

 
 


25 Pages (Click to Jump) V   1 2 3 4 > » 

Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING