re: Ann: Mincor Unveils $30M PNG Gold and Cop...
Don't get me wrong, Moore has been fantastic for MCR with the Kambalda Ni operations that were a company maker
But I am critical about the growth plans
They've been sitting on $100m cash for a few years now, all the way through the GFC
So many wonderful acquisitions could have been made (e.g. JML, many Aussie Cu/Au juniors)
But they've settled for an overseas grassroots JV earn-in, with any potential cashflow years and years away, and with a company that has been suspended from the ASX
Doesn't make sense to me
Cheers
MCR Price at posting:
$1.02 Sentiment: None Disclosure: Not Held
