Australian (ASX) Stock Market Forum

MCR - Mincor Resources

Jump to new
@sptrawler has got to be the most conservative investor I have met on these boards over many years. I haven't kept my eyes on the fundamentals for some time now. I'm not good at that. I like to look at management and actual performance.

If you like the outlook for nickel, you can't pass up MCR.
 
tinhat said:
@sptrawler has got to be the most conservative investor I have met on these boards over many years. I haven't kept my eyes on the fundamentals for some time now. I'm not good at that. I like to look at management and actual performance.

If you like the outlook for nickel, you can't pass up MCR.
Click to expand...
The price is certainly losing momentum, they haven't announced any production yet, so I would assume interest is fading. Nickel price is still slowly rising, the virus has probably stymied demand for BEV's, so demand probably is flat. As you say @tinhat it is just a matter of personal belief in nickel demand.
Just my thoughts.
I do hold
 
Last edited:
Wanted to buy at open but missed it by 3 minutes, grrr.

Strong open from announcement;
"Massive sulphides intersected at Golden Mile"

Would've thought me mates son who works there would've let his old man know so he could pass it on to me....???
joking...☠️


Screenshot_20210715-221014.png
 
any mention of cobalt ??

MCR has been able to stay in profit because of the occasional pockets of cobalt in hard times
 
yes i am wondering if i should exit while ( finally ) in profit i bought these for div. income and the cupboard has been rather bare since 2015
 
frugal.rock said:
Pooh, it's getting a bit excited!
Up 13% ... ?
Click to expand...
The thing is Cassini was a known reserve, the punt on joining Long and Durkin, was an educated gamble IMO, but those mines in the immediate vicinity Otter/Juan etc have produced 50+ years of high quality nickel, it looks as though the gamble is going to pay off. Also the ducks are aligning with the BHP Kambalda mill/concentrator being right next door and the Tesla contract signed, just nails it IMO. Direct rail access Kambalda plant, Kalgoorlie smelter, new BHP high quality nickel plant at Kwinana refinery/ port facility, it doesn't get much better than that IMO.
www.reuters.com

BHP to supply greener Australian nickel to Tesla

Global miner BHP Group (BHP.AX) said on Thursday it signed a nickel supply agreement with Tesla Inc (TSLA.O) and will work with the electric carmaker on lowering carbon emissions in the battery supply chain.
www.reuters.com www.reuters.com
From the article:
"These are logical moves for Tesla at this point of time when there's not a lot of other opportunities."

Nickel West's carbon footprint is around half the size of even the newest producers in top supplier Indonesia, which use an energy-intensive technology to extract nickel from laterite ores, he said. Its waste disposal practices are also seen to be lower risk.

Time will tell, but I think happy days are here again for Mincor. :xyxthumbs

Just my personal opinion and I do hold, so I may well be biased. ?
 
Last edited:
i have learned a LOT from Woolworths over the decades ( i worked there circa 1972 )

some times a big ( high profile ) customer is a BAD thing ( ask the folks at Gage Breweries , for example or HIL )

is BHP brave enough to put a Tweeting Musk in his place when need be

now MCR will probably 'piggy-in-the-middle' but survive , but too many outside pressures on BHP might distract them greatly , it is not hard for a business of many moving parts to come off the rails ( it needs to look 10 , 20 and 50 years ahead )

i hold both BHP and MCR ( currently that MIGHT change )
 
divs4ever said:
i have learned a LOT from Woolworths over the decades ( i worked there circa 1972 )

some times a big ( high profile ) customer is a BAD thing ( ask the folks at Gage Breweries , for example or HIL )

is BHP brave enough to put a Tweeting Musk in his place when need be

now MCR will probably 'piggy-in-the-middle' but survive , but too many outside pressures on BHP might distract them greatly , it is not hard for a business of many moving parts to come off the rails ( it needs to look 10 , 20 and 50 years ahead )

i hold both BHP and MCR ( currently that MIGHT change )
Click to expand...
A lot depends on your belief in the BEV revolution IMO, I personally am a petrol head always have been, always will be.
However I'm also a sparky and a realist, the upside to BEV's is simplicity in manufacture and reliability in operation, the only stumbling block is the energy density of batteries.
As far as I know the main component atm that gives greatest energy density/dollar in batteries, is high quality nickel, that may change but battery technology is a very slow moving creature and has been for most of the last century.
 
well BEV should have been in use already there are certain areas it is clearly superior for the user , HOWEVER ICE has it's strengths as well and i really can't see how you can make them obsolute without descending into logistics hell

rail can't do enough , air, well lets see how the batteries last at 30,000 feet , and of course buses ( inter-city ) main roaods can't keep the centre-line in good condition , not a chance with power cables ( for a Trolley Bus affair )

they will try an 'all or nothing ' approach and lose credibilty .. how is that NBN going is everybody missing their cable yet ( i was from day 2 )

the BEV's won't stay simple it is just the way car manufacturers think other-wise beach-buggies would be a current top-seller
 
divs4ever said:
well BEV should have been in use already there are certain areas it is clearly superior for the user , HOWEVER ICE has it's strengths as well and i really can't see how you can make them obsolute without descending into logistics hell

rail can't do enough , air, well lets see how the batteries last at 30,000 feet , and of course buses ( inter-city ) main roaods can't keep the centre-line in good condition , not a chance with power cables ( for a Trolley Bus affair )

they will try an 'all or nothing ' approach and lose credibilty .. how is that NBN going is everybody missing their cable yet ( i was from day 2 )

the BEV's won't stay simple it is just the way car manufacturers think other-wise beach-buggies would be a current top-seller
Click to expand...
If investment was about logics alone, it would be easy.
 
i like to use logic when i invest sometimes it guides me well .. like buying in CLV ( up 607% ) when the market loved babyfoods and sometimes leads me astray ( when politicians fail to deliver on infrastructure pledges ) , because luck walks by my side i do well with something like a 30% success rate . and when in ten years i have only made just one successful prediction ( on a stock ) you can see how kind luck has been to me .
 
BEST INTERSECTIONS RECEIVED TO DATE AT THE ‘GOLDEN MILE’ CONFIRM EMERGING HIGH-GRADE NICKEL TREND

Thicker high-grade intervals of up to 8.1m @ 4.2% Ni (including 3.7m @ 6.0% Ni) close to underground development Mincor Resources NL (ASX: MCR, “Mincor” or “the Company”) is pleased to report two significant new highgrade massive sulphide intersections (ULG-21-028 & ULG-21-30) in the 1.1km zone between its Long and Durkin North mines (Golden Mile) near Kambalda. The new intercepts, the thickest encountered to date, are 40m to the south and 27m to the north respectively from UGL-21-022 (0.6m at 4.6% Ni) announced on 2 August 2021. Mincor was once again able to facilitate rapid turnaround of assays on the new Golden Mile intersections, with a summary of the new results as follows: • ULG-21-030 – 8.1m @ 4.2% Ni, including 3.7m @ 6.0% Ni and 1.7m @ 4.5% Ni (all on contact) • ULG-21-028 – 2.6m @ 3.7% Ni, including 0.3m @ 8.2% Ni (on contact) These latest results are the best intersections received to date from this emerging position with the combination of substantially increased thickness and high grades. This emerging area down-dip from Stockpile Two is demonstrating great promise, given its proximity to existing underground infrastructure. Mincor’s Managing Director, David Southam, said: “Having achieved a total of five high-grade intercepts so far into this emerging position in our maiden drill program at the ‘Golden Mile’, we feel confident that we have well and truly confirmed the proof of concept that this 1.1km search space is extremely prospective for significant new discoveries. “The fact that these holes are located immediately adjacent to existing underground infrastructure is also a significant plus. We are also very encouraged by the fact that these latest intercepts have substantial thickness, particularly the intercept in ULG-21-30, which bodes well as drilling to date begins to reveal a consistent trend of high-grade mineralisation extending down-dip from Stockpile Two. “The program will soon move to Stockpile Three along the Golden Mile, which will give us the opportunity to complete a number of down-hole electro-magnetic surveys for the intersections received from Stockpile Two. We expect these in turn to give us a clear vector to return with further drilling to fully evaluate this exciting emerging position.

DYOR

i hold MCR at no cash risk ( recently rescued the investment cash )
 
but what about the mining and selling part , they have done that before , so they should be progressing that without to many snags

have seen companies explore themselves in administration before

DYOR

i notice no new hits in cobalt here , i remember one period where cobalt pockets were a major help to their profits
 
Value Collector said:
I am not sure they will mind, they will be asleep, watching movies or playing video games as the cars drive themselves soon.
Click to expand...

divs4ever said:
but what about the mining and selling part , they have done that before , so they should be progressing that without to many snags

have seen companies explore themselves in administration before

DYOR

i notice no new hits in cobalt here , i remember one period where cobalt pockets were a major help to their profits
Click to expand...
They already have started mining, they are contracted to sell the ore to BHP, check back through the announcements for when first delivery begins.
From memory it is at the end of the year.
DYOR, Im on the phone, so difficult to chase the info.
 

Similar threads

Joe Blow
  • Sticky
Resources Rising Stars 2024 Conference Gold Coast
Replies
7
Views
2K
Garpal Gumnut
Garpal Gumnut
System
PR2 - Piche Resources
Replies
2
Views
926
Dona Ferentes
Dona Ferentes
System
ORD - Ordell Minerals
Replies
7
Views
1K
houtman
H
System
RAP - Raptor Resources
Replies
1
Views
609
Dona Ferentes
Dona Ferentes
System
TEA - Tasmea Limited
Replies
3
Views
845
Country Lad
Country Lad
Top