re: picks up $13m cash n.c
Totally agree Nikko-I doubt that a $33m cash injection would have any more of an effect. It seems the best way to make a capital gain from mcr is to trade in 2-3c moves. Unfortunately i think the many people who have watched their paper profits evaporate time after time will be (and are) selling into any strength. It's then becomes self fullfilling. I think any strength in the sp from the half yearly report is just going to get similar treatment; or can wait for a probably modest div
MCR Price at posting:
0.0¢ Sentiment: None Disclosure: Held