Novastar,
See my earlier post (early March)
....."The chart looks terrible on this and many other nickel miners. I knew as soon as 1.70 support was gone this was heading down to test 1.33 medium bottom.
Costs and margins with this company are the problem. Great management. PAN has also broken down below 2.20-2.25 regions (i was an owner of PAN but now out).
will look at MCR and PAN again when things consolidate a little bit. Our market is a basket case.
Look to add to MCR and PAN at 1.35 and 1.90 respectively."
My prediction was pretty much on the ball. MCR has good management who is trying to do the best with what they have. high costs are killing them.
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