re: where's the downside risk ??
Antofagasta means bussines and wants TYC look at the announcement of today it keeps buying on the market at increases its stake every day. Mincor is going to get its 13 million dollars from this deal and that will be above the record production revenue they anticipate to get in the next 12 months.
Obviously the market has still not realised how much money is coming towards MCR in the next 12 months. On top of this we can anticipate a nice dividend at the full year results. Will it be 3 cts a share or are we going to get an added bonus for the huge influx of revenue?? I can see 80 cts and above for this share, just looking at the following 12 months alone.
Consolidation of the Kambala district and exploration could add even more value and I have not mentioned Mr Moore going shopping with all that cash.
jojo
MCR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
