I just got out on thursday, not because i don;t believe in MCR (had them for ages) but you can't fight fear.
MCR won't do a share buy back. They are one of the few miners with a low share issue amount, approx 200M, compare that with MRE, OZL and others.
Dividends may rise. With sound management, no debt and cash this is a screaming buy (it you discount the route on NI miners recently).
What people forget is the cost price is sub $4 / lb to get it out of the grouns, so even when $8.50 becomes $8 there is lots of profit.
I'll be back in once i sense the market is either rational or irrational for over priced stocks !! (like the run to nearly $3)
cheers
- Forums
- ASX - By Stock
- MCR
- chart - maybe time to go long?
chart - maybe time to go long?, page-29
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)