Despite a volatile ride over the past month, MCC shares have gained more than 55% since March on the back of an improving coal sector. Yesterday, the company announced that CITIC Resources had increased its shareholding from 11.62% to 19.99%, paying $7.20 per share, a 6% premium to yesterday’s closing price. Macquarie Research Equities (MRE) maintain their Outperform recommendation on MCC based on the company sustaining operational performance at Coppabella/Moorvale as well as further greenfield project development in the Bowen Basin
Despite a volatile ride over the past month, MCC shares have...
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