MCR 0.00% $1.39 mincor resources nl

oversold, page-5

  1. 8,989 Posts.
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    DD
    MCR got sold off recently because the 3rd quarterly was disappointing.Mariners 2 mths behind schedule and production FY 2005 revised down from 10500 to 10000.
    MCR report Mariners producing OK since April.
    MCR have higher costs than IGO but I think that was already factored in.
    I am expecting 4th quarter results to confirm a turnaround.
    Current sentiment towards metals looks dodgy so could still get sold down regardless of fundamentals.
    Please do your own research
    I hold MCR
 
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