MCR
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0.00% $1.39 mincor resources nl

Agree that MCR is a great company and well run, but not sure if...

  1. ktrianta
    9,445 Posts.
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    10/12/08
    18:45
    Post #: 4592302
    Agree that MCR is a great company and well run, but not sure if it is worth buying in the short term.

    LME stocks now over 66,000 tonnes. Seems to me that price of nickel can either go lower or track sideways until their is a big dent made in that stockpile. This may not be until 2010 though.

    Until LME stocks start coming down, the PON will stay flat and with it the price of all nicklers.
    MCR Price at posting: 59.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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