Interesting thoughts! I am still optimistic however. Why have money sitting there earning interest at record low rates. Mincor is not a bank. They have to be actively seeking ways to add share holder value, and like it or not share buyback does do this. Panoramic NL carrying out buyback, in fact buyback talk of the month for many companies. I think higher buyback numbers shows that management is also optimistic, and thinking low to mid 50's sp is unacceptable and will not be tolerated.
MCR Price at posting:
64.5¢ Sentiment: Hold Disclosure: Held
