Ann: Mincor A$65 million Capital Raising, page-25

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chookman

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08/09/21

19:23

Post #: 55931321
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Originally posted by tomboy: ↑

MCR has a real project, its called Cassini & its high grade but high capex & dependent on BHP tolling at a high monopolist 35% price tag which increases costs substantially as it doesnt have its own processing plants like PAN POS IGO BHP have.

Im no bot and certainly no misinformation just realism to the bulls on here who are likely selling to you patsies who are buying at the top like I was. Saw this in so many other stocks, like ESR FMG recently which I correctly called at the top.
I was a holder of MCR in 2014 and got burnt badly buying at the top.

Now this top seems obvious to me.
$1.33 shoulder not holding, down the arm to $1 ?

Still, MCR has had a great run of 700% already from 20c to 140c.
Great ROI if you had the steel guts to buy low and sell high at the 13 year highs now.

I am a Nickel bull & that & Cassini extensions could help MCR but the small infrastructure & BHP offtake at high 35% cost will hurt them long term. They will need to mine this capex from the shareholders for years to come, best to do it at the 13 year highs to reduce the dilutive effect.

beep beep, this is a recording, LOL.

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tomboy,
. Give the sour grapes a rest ! Unlike you some people have bought beautifully . Riding it down from mid 50’s , low 20’s and all the way up to $1.18 myself . Top up at $1.28 if I can . Your agenda is clear !!! You could of been posting your dribble long ago but ( when have you just come back ) nuff said .

MCR Price at posting: $1.31 Sentiment: Buy Disclosure: Held
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0 Great analysis

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Ann: Mincor A$65 million Capital Raising, page-25

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Cauldron Energy reports "excellent" uranium assays in latest drill run

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