MCR 0.00% $1.39 mincor resources nl

chance of a bottom here.

  1. 18,878 Posts.
    lightbulb Created with Sketch. 160
    I don't follow this company, hence have not read any recent releases, but barring any expected bad news that has been released to justify a significant downward rerating of this stock, I think there is a chance of a bottom here due to today's high volume dumping. IMO only likely to go lower if there is a very large position being unwound. 18.9% of issue traded over the last 30 for 123.7c average.

    It has been sold down slightly harder than my Ni index, I am guessing because it has a higher gearing to the Nickel price?

    I don't hold and don't plan to buy any, but 100c could be worth a punt.

    Image and video hosting by TinyPic
 
watchlist Created with Sketch. Add MCR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.