Australian (ASX) Stock Market Forum

MCR - Mincor Resources

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What's the rush? There was a bit of push and shove in the buy queue this morning. I had to pay a bit more than I'd like. Hoping the excitement will die down and I'll buy a bit more at a price closer to 1.00.

I'm still waiting for a reasonable dip in PAN. Seems nickel is in demand.
 
My guess is the BEV push is going to really heat up, U.K talking about 2030 to stop selling ICE vehicles it wont take long for that to catch on.
There is lot of stimulus in BEV's and the upside is grid battery storage, it ticks a lot of boxes for Governments until H2 can be established.
Just my thoughts @peter2 .
 
Alright I'm not reading this whole thread, what set this thing off at the start of september?
 
tinhat said:
@sptrawler and I sometimes correspond about MCR. It's a hidden gem.
Click to expand...
I would disagree on the "hidden" gem part.

It's very much out in the open and is no longer hidden.

The gem is out, washed, has been in the mouth and found to be cool on the tongue, (indicating a real gem has been found).

over9k said:
Alright I'm not reading this whole thread, what set this thing off at the start of september?
Click to expand...
Umm perhaps nickel ?
and lots of it in a timely fashion at the right time, shortly.
 
peter2 said:
What's the rush? There was a bit of push and shove in the buy queue this morning. I had to pay a bit more than I'd like.
Click to expand...
Hoping the rush is because it's broken through the $1.00 mark.
With a bit of luck it continues its momentum. Price and volume increasing today.
It's tested the $1 resistance mark 3 times over the last month.
This is the 4th go, has more momentum and currently is looking like it will stick.
Just my thoughts.

Screenshot_20201118-130330.png
 
Kipp said:
Yep, but if we all knew the futures for Gold, Nickel, and Zinc for the next 6-12months it wouldn't make investing that much of a challenge, would it?
but at least Nickel is a component of stainless steel for which the Chinese appetitte knows no end. Plus batteries ni-cd and NMH, but I don;t really know which of these is the primary driver for Ni price and it's use (hell, batteries prob comprise 0.2% of all Ni used for all I know).

And this is something else which has just occured to me... are MCR (and all comps for that matter) obligated to put ALL brokers reports on their website? Or do they just pick and chose the more favourable brokers reports? [ignoring the SELL recommendations?]
Click to expand...

Big rejection intraday. Probably needed to fill the gap...which it's now done. Good close required now.

Disclosure: I hold
 
peter2 said:
What's the rush? There was a bit of push and shove in the buy queue this morning. I had to pay a bit more than I'd like. Hoping the excitement will die down and I'll buy a bit more at a price closer to 1.00.

I'm still waiting for a reasonable dip in PAN. Seems nickel is in demand.
Click to expand...
My guess is an announcement as per frugal rocks post, that mining is commencing has set it off, also Mincor has a track record of good management and delivering. A lot of the mines in their portfolio are ready to run, so it isn't as though they have to wait to actually strike ore, when they start one would think it would go.
I do hold
Got to head out for lunch.lol
 
Just watched a twiggy interview on bloomberg. He near as no difference said he's transitioning a lot of his business into being a renewable energy business. Considering the amount of energy necessary to produce steel, it makes sense. I'll post it if it gets uploaded to youtube.

This might be a hell of a rumour to buy on ;)
 
frugal.rock said:
I would disagree on the "hidden" gem part.

It's very much out in the open and is no longer hidden.

The gem is out, washed, has been in the mouth and found to be cool on the tongue, (indicating a real gem has been found).


Umm perhaps nickel ?
and lots of it in a timely fashion at the right time, shortly.
Click to expand...

That's funny to me. I recall members being bearish back in September 2019. I recall my contrary bullish call also in September 2019. I recall there was a capital raise in the mean-time. I took up my full entitlement. Did I state here that I would? I probably did but I can't remember.

so I do laugh. This place is full of chart watchers and dingbat commentary. I don't feel any gravitas to most of the comments made here.
 
tinhat said:
That's funny to me.
Click to expand...
tinhat said:
so I do laugh. This place is full of chart watchers and dingbat commentary.
Click to expand...
Tinhat is amused.
My court jester job here is done.

With all respect, your input is appreciated.
Now that I know a little about how you pick stocks, to know that you hold this bodes well.
Further, I will try to minimise any dingbat commentary and try to keep it cuddly and koala like.
 
I wonder if one of the bigger players will make a play for MCR, we have discussed it before but nothing eventuated, I tend to think there will be a consolidation n the nickel space.
There will be a lot required for BEV's and efficiency in size of operation will be a big factor, a lot of material has to be mined, for not a lot of nickel so it can cause a large cash burn.
Just my thoughts, I do hold and am thinking of picking up more nickel producers, the way I see it the demand will really take off soon.
VW BMW and Mercedes, all committing to BEV's in a big way, add to that Hyundai and the Chinese and it all starts to smell of a supply issue IMO.
 
777.jpg


How do we tag the admins? It might be worth merging the two threads now?
 
I was eyeing off a re entry at 118 last week and here a nice dip lands in my lap, managed to get some spare change at 113.5
 
Nah no way. There's tons of steps in the chart. The SMA is still strongly upwards.

If it hasn't shot up again in 2-3 weeks, I'll agree with you :)
 

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