MCR mincor resources nl
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mcr - outlook

  1. bubby
    2,505 Posts.
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    28/02/14
    10:49
    Post #: 13063940
    Thought I would start a new thread given the last one was related to the quarterly.

    Ni price rose nicely overnight, 12 c to 6.53lb, and seems to be heading to the peak of the sideways movement, about 15cents to go. Will it breakthrough the resistence this time?

    Well I don't know, but given the Indonesian ban on ore exports, just maybe it will.

    I still believe the conditions are really good for MCR at this point, and the SP looks very cheap when compared to its book value.

    MCR Price at posting: 54.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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