I had these shares for a while...I even held IGO too. I know that that two companies are different, but I've always been amazed that Independence shot up like a rocket and this one has wobbled around 70 cents for years.
I was just looking at the recent MCR report and saw that about a third of its revenue goes to the contract labour. Isnt it time for MCR to become a real company and hire its own labour? Independence has done it and when its CEO says that he is hoping to build a major mining company, you tend to believe him. You dont get that impression with MCR and I think its one of the reasons investors havent embraced it. When I think of MCR, I think of the board and a few support staff - not a company.
I am an adherent of the philosophy of Sergeant Schultz
MCR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
