MCR mincor resources nl
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  1. Krazy1
    425 Posts.
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    11/11/12
    21:15
    Post #: 10984934
    Conspiracy theory:

    MCR/NIU have found something significant at PNG. MCR make a friendly takeover bid for NIU. The leaky boat syndrome is the reason for the 100% rise in the stock price over the past few months. Timing/regulatory process/final negotiations are the reason nothing has been announced to the market yet.

    That's about the only explanation I have for the huge rise in the share price.

    If it is true, then switching from MCR to NIU is the smart thing to do - if you can pick up sufficient NIU shares without pushing the price up - it's a very thinly traded stock.

    Thoughts?
    MCR Price at posting: $1.20 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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