re: where's the downside risk ?? Looking at the latest ASX announcement Antofagasta is buying up big on TYC shares which means they are serious and want to sign off on the deal.
This will mean that MCR will get their $13 million for sure.
Money that was not in the picture before and not calculated in the share price.
With this money coming to MCR and with the current high cashflows and reduction in production costs for the near future, we should see a total re-rating in the share price.
Near future aquisitions as being hinted at by Mr Moore will add to this upside in sentiment.
My instinct tells me that we will be looking somewhere over 80 cts a share once we have the TYC millions in the bank.
Great share and a lovely dividend to sweeten it all up.
jojo
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