MCR 0.00% $1.39 mincor resources nl

The company can buy more than 10M and it is under its original...

  1. 1,185 Posts.
    The company can buy more than 10M and it is under its original budget.

    Cash flow will be good at least next 2 quarters.

    MCR can use cash for buy back, exploration and dividend.

    I do not think that MCR can do more than this.

    if AUD down against US, then we may get extra cash in AUD.

    Futhermore, MBN is raising capital. If its balance sheets is fixed, then it may not need to sell its products less than cost of production in order to support cash flow, then it good for MCR.

    Indonesia also imposed restriction on export Nickle.

    I think that MCR will try to buy back its shares under $.70 as much as it can.
 
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Currently unlisted public company.

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