Because the Mico32 compiler does not support the option to generate position-independent code, such as using only relative branch instructions for all code branching, the compiled code will not be position-independent, and it cannot be placed to any address location.
Because Mico32 do not have either MMU or protected virtual address mode support, the linker will not be able to create relocatable code that can be loaded to any location by the program loader.
The Mico32 code has to be statically linked. It runs from the location it was linked to run at and can't be moved to another location and run. The Mico32 executable code is neither relocatable nor position-independent.