Australia's largest stock trading and investment forum Australia's #1 stock forum

MCR

Click for more information

0.00%

$1.39 mincor resources nl

You could be right as the p/e of its peers are in the...

First 5 Last

Share
Profile

Follow
pangloss

68 Posts.

30/07/14

10:29

Post #: 13736302
Share

Originally posted by bubby ↑

I think you hit the nail on the head re: nickel price,as this is an unhedged company. But I am one (and I think many of us are) are of the view that the nickel price will remain buoyant and steadily increase. The Indonesia ban looks set to stay in place and with the escalation in Russia, we could be on for a nickel price spike. The full year profit remember is coming in on the back of a 20+ million loss the year before, not to mention that the full year profit includes nickel that was sold when nickel prices were at historic lows. In that regard, this is a very good result. There is a lot of exciting news to come out of Mincor, so while i take your point re: p/e, I think it is more than justified when compared to its peers.

Expand

You could be right as the p/e of its peers are in the stratosphere as well.It all depends on the nickel price and I think it is struggling to breach $20000 or 9 cents/lb depending on the chart.

MCR Price at posting: 81.5¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

MM1

Geochemical work at Newington picks up gold and copper anomalies for Midas

There are more pages in this discussion • 24 more messages in this thread...

First 5 Last

Add MCR (ASX) to my watchlist