MCR 0.00% $1.39 mincor resources nl

momentous ni squeeze coming, page-8

  1. 163 Posts.
    re: mcr gets fired up today El

    Just think that by June 30 this company will have over $130 mil in cash in the bank. At current production levels and current PON.

    That's a chunk of cash

    It's about 25% of Market Cap..They could buy back 25% of their stock and cancel it from their bank account. They Could borrow the rest,privatise and pay back the loan in 3 years.( or someone else could do it, if they catch on)That is truly incredible. SP has to go higher, Spec Div or T/O? This is like buying a house for $500,000 and receiving rent of $120,000p/a

    What's your thoughts?

    cheers

    Goyco
 
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