MCR mincor resources nl

MCR bought back with a very big transaction. It seems to me that...

  1. 1,185 Posts.
    MCR bought back with a very big transaction. It seems to me that one of director will become a significant shareholder very soon.

    When the volume of shares is so small such as MCR and there is big cash reserve, MCR will become a special target.

    Why does not your company take over MCR with special scheme such as X shares of your company for Y shares of MCR. MCR SP is equivalent to $1.5. The ultimate purpose is that your company will enjoy the cash of MCR.

    MCR SP also remind me about MRE before it was taken over. Billabong is also classic example. It was pushed down few days before it was taken over. People do homework very well. NAB traders should be sacked because of Billabong.

    MCR is much better those companies in term of cash and future income.

    69 cent per share is very close to CASH in hand per share for MCR. How good is that?
 
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