MCR 0.00% $1.39 mincor resources nl

75 million in the bank. no debt!, page-10

  1. 976 Posts.
    I had expected a slightly better profit, but the big turnaround from last year, considering the markets conditions, is heartening.
    There is 4 fundamentals of MCR I like.
    Asset backing,
    financial position,
    div. yield,
    and most of all:- good management.
    As it is, most shares are in a doldrum, esp. mining
    Amongst my miners, MCR is only down 7%, and still paying me a div.
    The big question is, can or will nickle price fall any further?
    If it rises you guys will truly have missed out.
    Another fundamental I have left out, is MCR is a possible
    gold miner, one of a commodity that will rise if a bigger recession eventuates.
    I do agree with you that cash is the best commodity at the moment.
    Cheers and good luck to all.
 
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Currently unlisted public company.

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