Did anybody buy into ANL(Anaconda Nickel) at 12 cents about 15 months ago like me??????????
LOL, yeah I took profits a long time ago.
The 16 to 1 consolidation IMO was good for the companies share price however now we see Minara's shareprice barely changed since 15 months & huge price spike which saw Minara resources jump to near $5 per share.
What has changed????
15 months ago the Fluor settlement was still risky(they won,lol) & Nickel prices were trading at $5US/lb. Amonst other things.
When is Murin,Murin announcing a increase in capacity??? Tommorow I hope, lol.
Minara is surely a Speculative accumulate at these prices,
Rating Outlook The outlook for MRE looks far rosier than in the recent past. The company's MD has done a remarkable job in delivering it from the brink of ruin. Increasing consistent production whilst driving down unit costs is the challenge and indications of late have been positive. If MRE can successfully ramp up its Murrin Murrin operation, the nature of the investment will change and an expansion option could come into play. This represents the potential upside and the investment attraction. Nickel fundamentals should remain supportive for at least the next year, giving the company the necessary breathing room to perform.
However, MRE is leveraged and earnings volatility may feature.
Earnings per share could reach 44.1 cents by 30-06-05.
Creating a forward P/E of around 4 to 1
Growth of over 128.8% over the previous year.
cheers.
MRE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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