MCR mincor resources nl
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Mincor got a good mention in the business section of today's...

  1. mayorg01
    45 Posts.
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    15/12/08
    00:23
    Post #: 4604521
    Mincor got a good mention in the business section of today's Sunday Times.

    Gary Lebas - Hogan and Partners

    Speculative Buy
    Mincor Resources (MCR)

    MCR has announced plans to protect its operating margins and cash flow from current weak nickel prices. Capital expenditure will be halted at two mines, Miitel will be closed from Christmas, exploration will be reduced and focused on the highest-value targets. Other cost initiatives should see cash costs continue to fall and Mincor expects to remain cash-flow positive above $US2.80 a pound with its current hedging.
    MCR Price at posting: 56.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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