Can't see how the administrators would do anything other than administrate the "done deal" between MCR and VRE.
Does kind of further underline the value MCR got, that they got it off a VERY distressed seller.
I detect commencement of a new game in mining, separating the wheat from the chaff. We've seen a lot of smaller companies move into production but not prosper, one of the reasons commodity prices are going to stay high imo.
Demand for people and equipment for the massive rampup of bulks is going to keep costs high, equipment scarce and quality people even scarcer.
Management matters. This is the time the likes of MCR will use their cash to aquire other peoples supposedly dog mines, and make a success of them.
Mr Market does not like MCR atm though. Look at MCR's history through more marginal times(and generally handicapped by hedges), it is apparent to me that we can expect NPAT margin of 15% plus from MCR. Also apparent that we get regular growth spurts.
Could MCR turn Bronzewig around?
EL
MCR Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
