Wow, 4 capital raisings from 32c to 72c in a relatively short period of time (Jan 18 to Jun 20). This has diluted the NTA and future DPS. One begins to wonder if MCR is now fully priced, given the number of shares on issue. If there is another market turndown like the recent March fall there could be a much cheaper alternative than 72cps SPP. Given the way COVID19 is getting out of control in the US this could well be on the cards. Also I'm not sure as to whether BHP or MCR benefits most out of the increasing nickel sulphide inventory. My thoughts.
MCR Price at posting:
75.5¢ Sentiment: Sell Disclosure: Held
