Both Gold and Nickel prices are up. With gold production starting in 2nd Quarter this year and should Ni demand from electric vehicles be as predicted, it should be exciting times.
I personally hope the SPP is not scaled back in this case as from experience I know that MCR are good managers of capital. Previously they paid very good fully franked dividends and also did share buybacks on market when they had excess cash. Once the SPP is over I think the handbrake on the SP will be off.
My opinion only. Good luck to all.
Gibonsky
MCR Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held