Mincor valuation is partly influenced by short apparent mine resources and reserves. In order to continue paying dividends through the recent low nickel price period, they reduced exploration expenses - and effectively borrowed from the future.
Now, while nickel prices are higher in $AUD terms, they are doing the sensible thing (my opinion only), by building their resources again, and renewing equipment. These actions will ensure that they continue paying dividends for coming years even if nickel prices come down again.
I hold Mincor management team in high esteem. If only their exploration could find a USNOB (can't even remember what that stands for now)!!!
- Forums
- ASX - By Stock
- MCR
- capital ex.
capital ex., page-2
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MCR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online