MCR - Mincor Resources

[explod]

Read this bizarre article tonight. Not sure what screen this person was looking at :

Nickel miner Mincor Resources NL has announced a $31.3 million net profit after tax for the six months to December 2007, 16 per cent down on its $37.1 million profit for last year's corresponding period.

The company's shares closed down 27 cents, or 8.7 per cent, to $3.36 each today.

Might look at getting in, near support, stable earnings... look to see if can get to that resistance near the top somewhere...

Not sure if you made a typo Chops, I see it the other way.........................................
,, cheers

 

[chops_a_must]

Not sure if you made a typo Chops, I see it the other way.........................................
,, cheers

That's what I'm saying, it was quoted from an article. It was up 8.7%, not down...

http://www.wabusinessnews.com.au/en-story/1/60823/Mincor-shares-slide-after-16-interim-profit-loss

 

[imajica]

How can someone be that clueless and print an article that is completely wrong! IMO Mincor is ticking all the right boxes at the moment. great interim profit result - good solid dividend - aggressive exploration planned - new mines opening - fundamentally you can't fault it at the moment

 

[imajica]

Mincor up nearly 4 % this morning and has rebounded nicely - seems that negative sentiment has dissolved and fundamentals are truly in play now

 

[nioka]

Mincor up nearly 4 % this morning and has rebounded nicely - seems that negative sentiment has dissolved and fundamentals are truly in play now

Mincor is only going through pre and ex dividend trading. There are those that held on for the dividend and those that sold pre dividend and rebought ex dividend at a bigger gap than the dividend. I've bought twice in the last week, the first with the dividend and the second ex dividend. I replaced half my redundant AGM with MCR. I chose MCR as my nickel investment based on a fundamental comparison with ZFX (presuming it is nickel after getting AGM) and SMY.

 

[porkpie324]

And don't forget IGO this junior nickel stock has outperformed all the others during this period. As for MCR I have certainly been adding during this period also, porkpie

 

[MRC & Co]

Mincor is only going through pre and ex dividend trading.

Sure is.

I bought just before ExDiv and still holding. Got the Div and expect a good run from this one now!

Let this baby roll!

 

[imajica]

http://www.brr.com.au/event/41510

lengthy presentation at a conference on Boardrooom radio

very promising indeed, highly informative on MCR's current production profile and their exponential growth plans + their expansion into other base metals and even tenements with Uranium up to 1100 ppm

 

[MRC & Co]

Man, WTF happened to the volume of this one on Friday?

Nickel price up. MACD and RSI right near that mid-range and very bullish!

Now gone ex-div, great recent results, this one could really be set for a big move over the coming weeks!

 

[imajica]

the rising price of nickel fares well for Mincor as most of their production is unhedged - with two new mines opening soon MCR will shine this year

 

[MRC & Co]

I agree imajica, though Im still waiting for this one to take off. Its holding relatively steady, which is good considering the market is falling.

However, my copper and gold stocks are ALL green even throughout this downturn. MCR is being held back at the moment, with a bit of a market upturn, we could see this one take off! But first we need that positive sentiment (which appears gone once more at least at this very moment).

 

[doogie_goes_off]

Well here goes, my first attempt at nailing a macro-cycle on a nickel producer. I am considering using $3.60 as a trigger over the next 6 trading days to confirm my predicted third cyclical growth band and buy in for a $5 three month target, wish me luck!

See TA for my reasoning, fundametally I like this company too.

DYOR, I am not a real chartist, just a bloke with a good imagination.

 

[eddyeagle]

MCR up 3.64% on a day where the All Ords were down 163 (3%). This is a good sign and the stock is in a nice little uptrend at the moment.

The open briefing released recently was very positive.

Good profits, solid dividends, a diversified mine portfolio, good management.

It surprises me that this stock doesnt receive more attention from fund managers and analysts...

I'm hoping for a return to the $5 glory days in the not too distant future!

 

[imajica]

Australian nickel producer Mincor Resources NL (ASX: MCR) has added further momentum to the
Feasibility Study on its 100%-owned Durkin Deeps Nickel Project in Kambalda after today announcing
a 42% increase in the Mineral Resource for the project to 18,800 tonnes of contained nickel metal.
Mincor said the substantial increase had been achieved from the first round of resource confirmation
drilling undertaken since the acquisition of the Project in July 2007, with two-thirds of the upgraded
resource now in the Indicated category.
Durkin Deeps is one of a number of key assets acquired by Mincor as part of its purchase of GMM Pty
Ltd last year, creating a substantial new production and exploration centre for the Company. The nearby
Otter Juan Mine is in production and is already making a strong contribution to the Company’s cash
flow and earnings, while the McMahon Project is being developed as a new $23 million mining
operation.
The new Durkin Deeps resource estimate of 18,800 tonnes of contained nickel metal compares with the
original resource of 13,200 tonnes announced when the GMM acquisition was completed. The new
resource estimate is based on 66 drill-hole intersections, including 6 confirmation intersections
completed by Mincor over the past few months.

 

[MRC & Co]

I was stopped out of this one around $3.10, still love the company and will look to move back in on some strength in XMJ.

Banks are having a bit of a little rally lately, which they were ultimately due for.

 

[eddyeagle]

Down to $2.61 today. All resource stocks getting hammered. Etrade has a P/E for this stock of 6.55. This is one stock that I will be topping up in the near future along with BHP and a few others that look great value.

 

[ROE]

too much love for the resource stock, it's their turn to get the hammer
with US slow I don't know how China can continue to pay top dollar for resource commodity. Resource commodity price will need to drop much further than where they are today

 

[imajica]

Australian nickel producer Mincor Resources NL (ASX: MCR) has reaped almost immediate benefits
from its recent acquisition of the Bluebush Line tenement package in the Kambalda Nickel District,
today announcing that it had estimated a Mineral Resource containing 20,800 tonnes of nickel metal at
the Stockwell prospect.Mincor announced the acquisition of the highly prospective ground package – which contains numerous
high-grade nickel occurrences over a strike length of more than 40km – in November last year.
The resource estimation is based on 51 drill holes completed by WMC Resources Ltd in the late 1990’s.
Data verification and quality control has been completed over the past two months, with the quality and
density of the drilling allowing for the estimation of JORC-standard Indicated and Inferred Resources.

 

[doogie_goes_off]

Well I had no reason to buy in from a market interest point of view, but it looks like a bargain now. Some long term analysis is now required using a conservative nickel price.

 

[imajica]

with a poor lead from the DOW, Mincor has bucked the trend and has seen some strong buying this morning. market news sinking in I guess!

it was only a week ago or so when this was wallowing at around $2.60
just touched $3.09