MCR 0.00% $1.39 mincor resources nl

chart holding around 1.28, the CR price. Bulls who talked of a...

  1. 9,764 Posts.
    lightbulb Created with Sketch. 4216
    chart holding around 1.28, the CR price.
    Bulls who talked of a run from 1.40 to 2.80 nowhere to be seen as expected.
    Likely were selling when telling you to buy.

    Its in a plateau phase here at 13 year highs after those large $60M CR at 1.28
    MCR management happy but LTHs not so as the run is over and weighed down by the dilution & cashing up of shares at the highs.

    Still $613M MC is impressive for a small high grade operation with smaller resources and no processing plant using 35% expensive BHP tolling.
    NP lower but hasnt responded to this as yet.

    Reality will set in.
    Buy low sell high imho.
 
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.