Australian (ASX) Stock Market Forum

MCR - Mincor Resources

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The capital raising to retail shareholders, also closed early and oversubscribed, it would appear there is some confidence out there.

I do hold
 
I've taken a speculative punt on some nickel stocks including MCR (others are WSA, SGQ and CZI which I have held for some time). Electric vehicle battery cathode chemistry is now up to 80% nickel and I've read that the industry is working on a 90% nickel cathode chemistry. Nickel gives the highest energy density in lithium-ion batteries (most energy stored for least weight). A lot of analysts are forecasting a nickel deficit in the next couple of years. The off-take agreement with BHP's Nickel West and their exciting prospects are alluring. BHP released an investor presentation a couple of months ago which highlighted Nickel as one of their strategic resources over the medium term due to the massive wave of demand that is coming for electric vehicle batteries.
 
tinhat said:
I've taken a speculative punt on some nickel stocks including MCR (others are WSA, SGQ and CZI which I have held for some time). Electric vehicle battery cathode chemistry is now up to 80% nickel and I've read that the industry is working on a 90% nickel cathode chemistry. Nickel gives the highest energy density in lithium-ion batteries (most energy stored for least weight). A lot of analysts are forecasting a nickel deficit in the next couple of years. The off-take agreement with BHP's Nickel West and their exciting prospects are alluring. BHP released an investor presentation a couple of months ago which highlighted Nickel as one of their strategic resources over the medium term due to the massive wave of demand that is coming for electric vehicle batteries.
Click to expand...
I'm with you on the nickel speculation, WSA have jumped recently, also the LME stockpile is very low by recent standards.
As you say demand should increase, mines require re opening so there will be a time lag, also Indonesia is talking about suspending nickel mining. I have been adding to WSA and MCR, hope we have called it right.:xyxthumbs
 
sptrawler said:
I'm with you on the nickel speculation, WSA have jumped recently, also the LME stockpile is very low by recent standards.
As you say demand should increase, mines require re opening so there will be a time lag, also Indonesia is talking about suspending nickel mining. I have been adding to WSA and MCR, hope we have called it right.:xyxthumbs
Click to expand...
I've also seen a little rally happening in Ni stocks as you mentioned. Also have a little exposure via a Ni/Co spec play that has big future plans.

Good commodity that actually has a lot of uses. Used to be pretty much used exclusively for strengthening Iron in the steel making process but now also picking up demand for rechargeable batteries used for industrial and EV (Electric Vehicle) applications.
 
aus_trader said:
I've also seen a little rally happening in Ni stocks as you mentioned. Also have a little exposure via a Ni/Co spec play that has big future plans.

Good commodity that actually has a lot of uses. Used to be pretty much used exclusively for strengthening Iron in the steel making process but now also picking up demand for rechargeable batteries used for industrial and EV (Electric Vehicle) applications.
Click to expand...
Yes it is used to make stainless steel and the global down turn reduced the consumption. The big driver will be the reserves are down to 150kltons, down from about 450 at the peak from memory. Most of the mines closed when it dropped below US$5/lb, instead of giving it away, this has eaten away at the stockpiles. Also as you say batteries are just around the corner and nickel is one of the major components, lithium is a much smaller content in the battery contrary to what people think.
 
chart.png
 
I'm wetting myself with anticipation rnr, if your expected rise happens, i may jump on the sell button.
I'm so sick of these ups and downs.:confused:
 
sptrawler said:
I'm wetting myself with anticipation rnr, if your expected rise happens, i may jump on the sell button.
I'm so sick of these ups and downs.:confused:
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I have also been really frustrated with the up and down volatility of late, see the picture in the global markets of late with so much volatility...
upload_2019-8-24_2-57-42.png


Chopping up traders like me to mince meat !

I've actually exited bulk of my stocks on the 6th of August and now only hold a few strategic plays in my trading portfolio such as Gold plays and somewhat defensive plays.
 
tech/a said:
Anyone in this should have seriously considered an exit at the test of
The high at B
Click to expand...

Maybe for you but not in my opinion. I don't have the interest in spending time to make buy/sell decisions on the basis of reviewing charts daily. I'm happy with the company (management), I'm bullish on the sector. I'm seeing a firmly established up trend since mid '17. It could be back to 40c next week for all I know but it might end up range bound between 45c and 55c for some time
 
tinhat said:
Maybe for you but not in my opinion. I don't have the interest in spending time to make buy/sell decisions on the basis of reviewing charts daily. I'm happy with the company (management), I'm bullish on the sector. I'm seeing a firmly established up trend since mid '17. It could be back to 40c next week for all I know but it might end up range bound between 45c and 55c for some time
Click to expand...
That is the exact problem I have tinhat, Mincor now own basically all of the Kambalda nickel mines, BHP own the mill and processing plant.
Mincor will go back into production, there is a town, mines that are ready to re start, so no money required to remove overburden.
So do you sit, or sell and rely on a price drop for a re entry, that is always the issue I have trouble with.
Im like you and tend to just stick with the fundamentals.
 
sptrawler said:
That is the exact problem I have tinhat, Mincor now own basically all of the Kambalda nickel mines, BHP own the mill and processing plant.
Mincor will go back into production, there is a town, mines that are ready to re start, so no money required to remove overburden.
So do you sit, or sell and rely on a price drop for a re entry, that is always the issue I have trouble with.
Im like you and tend to just stick with the fundamentals.
Click to expand...
sptrawler said:
That is the exact problem I have tinhat, Mincor now own basically all of the Kambalda nickel mines, BHP own the mill and processing plant.
Mincor will go back into production, there is a town, mines that are ready to re start, so no money required to remove overburden.
So do you sit, or sell and rely on a price drop for a re entry, that is always the issue I have trouble with.
Im like you and tend to just stick with the fundamentals.
Click to expand...
'
Brother, tell me more about your problems.
 

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