MCR 0.00% $1.39 mincor resources nl

Ann: Quarterly Activities Report, page-12

  1. 13,961 Posts.
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    I still don’t believe there is anything substantial wrong with the assets.

    From what I can see as a mushroom (or perhaps what I assume because they are feeding me as a mushroom) is that it is a cluster **up. Strategic, contractual, planning and implementation.

    If it wasn’t these things then imho they would have been explaining and have been more forthcoming with information.

    Why do I include strategic? Well it’s not clear that they have actually planned properly for post 2025, nor that they understood the implications of helping AF get 20% (and how BHP might respond).

    It will be interesting not only what and how much the new BOD reveal, but also when.

    I guess it could be in Wyloo’s interests to share loose the hold outs before the offer period is over, but then if they would really have preferred back out of the deal then they might prefer to do the mop up cheaper with a subsequent offer (or not even care about a mop up).

    Yes I was enthusiastic on this one, but contrary to one (notorious) posters assertions I was never enthusiastic about buying it above about $1.50. And yes I did get caught paying a little more than $1.40 for perhaps 10% of mine.

    EL
 
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