MCR - Mincor Resources

[sptrawler]

Latest resource update.
https://www.asx.com.au/asx/share-price-research/company/MCR

 

[tinhat]

Follow the money. Shanghai Twiggy (Ming) Forrest increases his stake in MCR to 15%. Well, when FMG send you a dividend cheque for $2B, you've got to put your money somewhere.

In other news... Chief Executive Mike Henry re-confirms that BHP is focusing on expansion in three key commodities, Nickel, Copper and Potash, including looking for early stage joint venture opportunities.

 

[sptrawler]

Follow the money. Shanghai Twiggy (Ming) Forrest increases his stake in MCR to 15%. Well, when FMG send you a dividend cheque for $2B, you've got to put your money somewhere.

In other news... Chief Executive Mike Henry re-confirms that BHP is focusing on expansion in three key commodities, Nickel, Copper and Potash, including looking for early stage joint venture opportunities.

I wonder if FMG will make play for mincor.

 

[sptrawler]

In other news... Chief Executive Mike Henry re-confirms that BHP is focusing on expansion in three key commodities, Nickel, Copper and Potash, including looking for early stage joint venture opportunities.

The expansion at the Kwinana nickel refinery looks to be well advanced, when I drove past yesterday.

 

[over9k]

I wonder if FMG will make play for mincor.

Buying a significant stake in it would be an excellent way of getting the proper look under the lid that you normally wouldn't get

 

[sptrawler]

New intersect at Cassini. Starting to look very good for Mincor.
https://www.asx.com.au/asxpdf/20200909/pdf/44mg80lf0xsyx8.pdf

I do hold

 

[sptrawler]

Mincor to start mining in December quarter, line of credit in place, it looks like 'all steam ahead'.

https://www.asx.com.au/asxpdf/20200917/pdf/44mq6tmmwkx3bh.pdf

 

[over9k]

Yet, it's down on the day?

 

[frugal.rock]

Not holding, but noticed a solid push today recovering yesterday's losses and them some.

 

[sptrawler]

It may be due to the expectation of a mining start, the box cut at Cassini is in place and the existing mines will require minimal effort for mining to re commence. I am expecting the price to ratchet up over the year.

I do hold.

 

[rnr]

A good example of Bullish Divergence if it keeps playing out with price moving in an upward path!

Well just my take on a potential pissabolity.

 

[frugal.rock]

Well just my take on a potential pissabolity.

It's a pissabolity that's a VML chart...

 

[rnr]

It's a pissabolity that's a VML chart...

Same jockey.....different horse.
Now you would have to agree as that really is divergence on a grand scale!

 

[sptrawler]

Mincor about to start mining going by this presentation, could be the start of something bigger IMO

https://www.mincor.com.au/site/PDF/4d8a25f0-47f3-473d-9ee6-66beba98a7e7/Presentation

I do hold

 

[peter2]

"... which has put us on a clear pathway to join the ranks of nickel producers within 18 months."

" ... first nickel concentrate in the March 2022 quarter."

Managing Director, Davis Southam. 22/10/20 Quarterly Activities Report

 

[tinhat]

@sptrawler and I sometimes correspond about MCR. It's a hidden gem.

 

[sptrawler]

@sptrawler and I sometimes correspond about MCR. It's a hidden gem.

I had another bite today, just hope Elon still wants nickel.

 

[frugal.rock]

I had another bite today, just hope Elon still wants nickel.

Stop snacking @sptrawler

I ordered a double today.
My very first Mincor purchase.
2x positions, 1 hit.

(I also added to SWF, chandelier portion #3, shhhh! risk on... )

 

[frugal.rock]

A solid open today blasting the $1 stop point.
13 November 2020
KAMBALDA NICKEL SULPHIDE DEVELOPMENT GATHERS MOMENTUM

Firing the portal at Cassini marks the start of development of the first new high grade nickel sulphide mine in Australia in years; development also underway at Northern Operations

• First firing of the Cassini portal, heralding the start of mining at Australia’s newest nickel mine.

• Infrastructure progressively installed at Cassini.

• Terms agreed with BHP Nickel West for the supply of grid power to Cassini.

• First development headings fired at the Long and Otter declines, part of the Northern Operations.

• Pit N Portal now fully mobilised at both operational centres with new mining equipment delivered.

• Mincor’s key operational roles recruited and commenced.

 

[sptrawler]

A solid open today blasting the $1 stop point.
13 November 2020
KAMBALDA NICKEL SULPHIDE DEVELOPMENT GATHERS MOMENTUM

Firing the portal at Cassini marks the start of development of the first new high grade nickel sulphide mine in Australia in years; development also underway at Northern Operations

• First firing of the Cassini portal, heralding the start of mining at Australia’s newest nickel mine.

• Infrastructure progressively installed at Cassini.

• Terms agreed with BHP Nickel West for the supply of grid power to Cassini.

• First development headings fired at the Long and Otter declines, part of the Northern Operations.

• Pit N Portal now fully mobilised at both operational centres with new mining equipment delivered.

• Mincor’s key operational roles recruited and commenced.

You little beauty, here we go, yipee.