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MCR - Mincor Resources

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pixel said:
I'd like the formation of a double bottom
If I'm getting the H&S roughly right, chances are it could actually happen. Let's set the alert.
Click to expand...

A bounce off the bottom trend line is probably just as likely.
`
 
Testing rising Support. Neither of my two alerts has fired yet, so I'm not doing anything with this one - except watching...

 
Still too big a stockpile of nickel, in the World, for prices to lift. Price of nickel back down to US $4.60/lb, we don't make money till around U.S $5 /lb, from my knowledge.
However, Aluminium is worth keeping an eye on. IMO
 


price has dropped below the rising trendline in my latest chart. Volume is below par.
I'm still not doing anything.
 
Well if S.A go ahead with the battery storage idea, and every one else in the World jumps on board, that will really help. I think these new high capacity batteries, have a nickel and cobalt component, in the manufacture.
A link to the LME levels shows the problem.

http://www.infomine.com/investment/warehouse-levels/nickel/all/

Then compare that chart, to the historical levels for aluminium.

http://www.infomine.com/investment/warehouse-levels/aluminum/all/

Now that's what we want to see, with the closing of smelters and the increase in demand, one would think a shortage is on the horizon. Just my opinion.

By the way, how do you post the chart, rather than the link, it looks so much more professional.
 
tech/a said:
Does that look like a Reverse H/S to you P ?
Click to expand...
Not really, it hadn't, t/a
the only possible pattern resembling a H&S I could see is this:



but that's not reverse. If it were fond at the top of a rising trend, it might indicate a reversal, but here it could at best be taken to suggest a Bearish continuation.
 
Yes your right.
I must have been standing on my head!!

Low side target 15c
 
Nickel above $1300/ton, Panoramic taking Savannah out of mothballs, hooray at last a light at the end of the nickel mine. lol
 
Mincor just had their first gold pour from the Widgi mine, hopefully the results are good it will give them a greater degree of flexibility, rather than being a one trick pony (with nickel).
 
Mincor Resources secures nickel offtake agreement with BHP Nickel West as restart plans gain momentum

As it advances restart preparations Mincor Resources (ASX: MCR) has secured an offtake term sheet with BHP’s (ASX: BHP) subsidiary BHP Billiton Nickel West Pty Ltd, which will underpin a binding agreement between the parties.


The latest agreement replaces a previous 20-year contract between Mincor and BHP Nickel West, which expired earlier this year.


Under the new deal, Mincor has the right to transport up to 600,000 tonnes per annum of nickel sulphide ore to BHP Nickel West’s Kambalda facilities in Western Australia for processing.


The contract takes effect from the date Mincor delivers its first ore and expires either on the fifth anniversary of that date or 31 December 2025 – whichever comes first. More..

 
Mincor still running Ann.

https://au.finance.yahoo.com/chart/...0b3IiOjAuNDUsImNoYXJ0TmFtZSI6ImNoYXJ0In19fX0=
 
Ann said:
It has been sp, a bit of a dip yesterday, drawing a little breath perhaps?
Click to expand...

OK, maybe it is drawing a really deep breath! Looking at the EquiVolume chart .48c looks like an area of selling pressure which may act as a resistance level, .42c looks like a darn good support, which may or may not be needed.

 
Ann said:
OK, maybe it is drawing a really deep breath! Looking at the EquiVolume chart .48c looks like an area of selling pressure which may act as a resistance level, .42c looks like a darn good support, which may or may not be needed.

View attachment 93968
Click to expand...
Just arrived at a decent internet access point, I certainly missed that top. Thanks for posting up your thoughts Ann, they are greatly appreciated, I will just hang in for the long run as I usually do. From memory my entry point was around 36c, so all is good.
 
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