Bigange...I agree that mcr is very undervalued and has been since it's all time high of last year. But don't consider it has been undervalued for "years" as you say. A few years ago the production was only small and the sp well under $1. Current production at record levels and more new mines coming on and yet sp down about 46% from ath. I think mcr would be more favoured if it had fewer producing mines with higher production,rather than 6 or 7 smaller producing mines. As for the divvies,yes,it's good when it comes,but,does not make up for the continual capital loss on paper. Consider this, went ex-div 25/2 with a sp of $3.16 and latest sp is down at $2.78.,not worth getting excited about a miserable 6c divvie. imo,will be a very profitable company and well managed for many years but owing to current sentiment and world markets,I can't see the sp getting anywhere near it's ath for a very long time unfortunately.
MCR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
