yes,certainly seems cheap with a well managed board and plenty of cash but is still underperforming considering the consistent pon being above usd$8.
Over the last few months mcr sp has been a lot higher and yet back then,the pon was much lower.
Can only put it down to general market sentiment re the small/mid size ni miners.
Mre came out with good qutly figures and yet their sp still dropped ,so I don't expect mcrs report,however good that it might me, to give the sp much of a lift,and nowhere near the $2 mark that some posters might be expecting.
Company needs to diversify more but I guess they are trying,lol
As far as divvies go,many posters put great emphasis on this and yet a 4c div doesnt mean much to me when the sp can rise or fall even more than this in a few hours on any given day.
Cash in bank and debt free is good enough for me and if they ever find that usnob,perhaps then the sp will get a kick along.
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