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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