MKO 0.00% 7.0¢ metaliko resources limited

Hehe Rez I was just thinking that. Perhaps our low liquidity is...

  1. 1,932 Posts.
    Hehe Rez I was just thinking that. Perhaps our low liquidity is protecting us ... for the moment.

    Also, MKO has enough cash for several quaters, it could be strung out longer if they cease exploring until cash flow comes in.

    There will be a small capital expenditure to get some trucks, and bulldozers with scopps and whatnot. What it would probably mean is that the longer term exploration stuff is pushed back 6mnths - year. Let us just hope this market fall is short and sharp and Gold stays high with an emergency QE3 from the US.

    I would say this is a LT buy stock, but today is giving some large bargains for other stocks that have fallen 20%. Good to keep hold of this one, and buy the others that have fallen heaps, a little at a time for if the market drops more you still have cash to buy more.
 
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Currently unlisted public company.

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