MCR 0.00% $1.39 mincor resources nl

Ann: Close of Wyloo Consolidated's on-market takeover offer, page-22

  1. 9,743 Posts.
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    news coming out that MCR is being slowly shutdown and mine workers retrenched by Wyloo as they are loosing $10M cash per month on it due to higher costs, high BHP exorbitant tolling and BHP transport fees and they have NO MILL.

    This BHP lapdog is reliant on BHP for all offtake, milling tolling and even transport to Kambalda mill, despite high grades the costs are even higher & now the NP spot has dropped from 11 to 7.50 its loosing cash like the dog it always was.

    Wise decision to allow AF to sink in $760M at $1.40 ps into this to save you guys from the calamity that would now have befallen it like it has PAN.

    All the things I have been criticising MCR for over the last 4 years has come to roost and AF Wyloo got left holding the overpriced crying baby yet again.
    Yet cat got your tongues as you run with that cash 140c ps while AF ponders why he and his advisors got this so wrong & lost $1,200M cash on MCR Noront crap and didnt listen to old wise TB on here.

    RUN MCR holders, RUN with that 140c ps cash from AF,
    RUN like you stole it!
 
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