Hi allHave held MCR from 32c when Peter M was director. I participated in one subsequent capital raise only to be scaled back.
I would appreciate views from knowledgeable folk here who have a strong knowledge at firm, industry, and commodity evel.
I could take a profit here but I have learnt over the years that not holding out can cost a lot in lost profit. If I do sell I face a tax bill. My trading days date back to the era of jubilee mines (JBM) which made a lot of seed shareholders incredibly wealthy.My thoughts are that both nickel and copper are going to have a 5 year run and that demand will outstrip supply. I think that a medium term hold here will see MCR a $3 to $4 Billion company. I see profits increasing over the next two calendar years.
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