I'd suggest that the MCR shareprice has risen because of David Moore presenting at all the mining investor conferences. He was at the Mining 2012 conference in Brisbane a week or so ago. Gold Coast Resources Rising Stars a few weeks before that. Non stop dividends was one of his statements, MCR even paid more divis last 1/2 year than the Independence Group IGO. I spoke with David, he was hopeful with PNG but it's the high grade Ni targets and improving cost structure with the owner operator set up now in place in Kambalda that will keep MCR paying Divis well into the future. Maybe David is looking to retire and wants the shareprice higher, remember he has 4 million shares. The share buy-back got rid of a lot of weak hands.
MCR Price at posting:
$1.20 Sentiment: Buy Disclosure: Held
