I agree that this stock has potential.
The only concern I have is whether the Environ Minister and the greenies get up with the proposal to make the area Pondoland National Park, which the minister says will happen by year's end. The Eastern Cape Govt does not agree with his proposal and supports the mining of this very rich resource. The World Parks Congress is in SA at the moment so maybe this is all grandstanding on the ENviron Minister's behalf. Given that this has been proposed for two years, I am hoping that MRC will get up on this one.
It comes down to the political will and it could still go the way of the greenies.
That is why MRC has been sold down of late.
I hold and would be very happy if $2.30 comes to fruition.
I agree that this stock has potential.The only concern I have is...
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Mkt cap ! $25.59M | |||
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