MCR 0.52% 96.5¢ mincor resources nl

Has MCR just broken above its 2 year down trend?, page-10

  1. 802 Posts.
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    Like MGX, for me this felt like a no brainer. MCR have had to deal with plunging Nickel prices and a pretty unforgiving market.
    They have a really good management team and I respect the fact that they are a company that makes the effort to publish third party research whether it is favourable or not.
    Ironically though, the research was calling a sell from a number of different brokerage houses who are typically slow to react to a changing business environment in the case of MCR.
    So sell at the bottom and wait and see what happens, without taking a long term view that metal prices will recover and MCR will be again able to benefit.
    Luckily though the clever sods at MCR have refocused on gold and that is now paying dividends in a market re-rating.
    I remember asking a CFO from another gold company who he respected as a really well run well managed company. His response was "Mincor". Although you can take this with a grain of salt, I felt it was genuine and parked that thought bubble until very recently when I decided to buy.
    All this is obviously my opinion and please do your research.
 
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