All said and done, MKO while not moving up also didn't drop like most of the ASX. So that in itself is a win for MKO's SP.
Perhaps we will see a little more interest if the XAO pushes back up.
Poor Aussies are getting smashed at the moment the strong AUD isn't helping. High gold prices is a double edged sword. As it goes higher better margins of profit are made, however less global money is available to be invested in stocks. Then if gold tumbles down more money will move to the share markets, however it wont be enticed to move into Gold Companies easily as the POG is falling.
So what we really need is to start producing asap to cash in on the high price of gold and get money in the bank. Hopefully then if POG does fall and all that money flows into stocks (among other things) we'll have enough cash in the coffers to look very enticing.
The good thing about this management is that they seem excellent with money so far, so once the money is in the bank it wont be blown on bad investing or stupidly high $10m commissions for the best place to eat lunch and whatnot.
MKO Price at posting:
20.0¢ Sentiment: Hold Disclosure: Held