MCR - Mincor Resources

[Freeballinginawetsuit]

Still under selling pressure though, everytime its cleared and looks half a chance for momentum to grab a hold, up comes the shark bar .

 

[michael_selway]

Still under selling pressure though, everytime its cleared and looks half a chance for momentum to grab a hold, up comes the shark bar .

Its done well though.

thx

MS

 

[porkpie324]

Dead right there doin' well, have just taken another healthy profit from last weeks sell off, still holding some. porkpie

 

[chops_a_must]

I put this in another thread, but is more relevant here:

"RE: Cobalt Capacity

We make money from Cobalt as a by-product recovered from our nickel mining operations. As such we do get the benefit of any price increases in Cobalt. The total value of by-product copper and cobalt together is about 3% of our revenue.

Many thanks for your support of and interest in our Company.

Best regards

David Moore

Managing Director

Mincor Resources NL"

An extra 1-2% of revenue purely due to Cobalt this year?

And another very significant nickle discovery announced, yet selling pressure, strange.

 

[ekman]

anyone knows why this is in trading halt

 

[Freeballinginawetsuit]

Nope but hope its good news, Ive been picking their bum today .

 

[chops_a_must]

anyone knows why this is in trading halt

Might be to do with their new operations.

 

[Freeballinginawetsuit]

Might be to do with their new operations.

MCR's exploration has been coming up trumps in recent weeks. With their mine life potentially extended at Mariners and a BFS immenint at Carnilya Hill, maybe that was all a potential bidder needed for a T/O.

Could be wishful thinking, certainly not out of the question though. MCR are the fourth biggest Ni producer in Australia (mine output), fair value, cashed up and lowly hedged.

 

[chops_a_must]

MCR's exploration has been coming up trumps in recent weeks. With their mine life potentially extended at Mariners and a BFS immenint at Carnilya Hill, maybe that was all a potential bidder needed for a T/O.

Could be wishful thinking, certainly not out of the question though. MCR are the fourth biggest Ni producer in Australia (mine output), fair value, cashed up and lowly hedged.

Well, nickel still looks stronger than zinc for the next few years. Or maybe they have found a large amount of zinc? Either reason would be enough for a T/O.

But look at the amount of !'s in the last two weeks. All positive. I can't see it being bad news as one of the directors said the share was at a very good price at about 2.20.

Yeah, I just can't see it being bad news. Shall be interesting, I hold at an everage of 1.95. Will be nice if it has a big breakout.

 

[Lert]

I picked up MCR for 75 cents in Sept 05. Up nearly 200%.. another 20% would top it off

 

[ekman]

I picked up MCR for 75 cents in Sept 05. Up nearly 200%.. another 20% would top it off

u r getting greedy !!

 

[Lert]

Thats a very astute observation Ekman, and you are quite correct.. but I need a few MCR's to make up for the failures like CSM.

 

[Lert]

The 'West Australian' this morning reported speculation regarding capital raising.. Anyones guess I suppose..

 

[chops_a_must]

The 'West Australian' this morning reported speculation regarding capital raising.. Anyones guess I suppose..

Why would they need to? Totally debt free, big profits. Don't quite understand.

 

[JBMMMMMMMMMM]

MCR has treated me well over the year paid 66.5c sold at 2.04 thought I'd made a massive mistake when it drove up to 2.30 the next day ,still turned out pretty good buying back in at 178.5 on the recent dip should fly Once the ann. is out that is if its good news which I'm 99% sure it will be

 

[chops_a_must]

Yeah, it all looks pretty darn good to me. The management seem to have a bit of a midas touch.

 

[Freeballinginawetsuit]

Their a bunch of ugly buggers though lol, nice announcement today! & good to see a minnow growing and be part of it

 

[djones]

Mincor is moving back towards its previous resistance at 2.30. Still being capped by a large seller as shown by the large volume but small price changes. As soon as the large seller has finished offloading his shares it should be blue skies for MCR.

With record nickel prices, $100million in the bank and recent resource finds, the record quarterly result due out on the 29/01 should launch this stock to $2.50 then onto $3 by the end of March.

 

[MiningGuru]

Mincor is moving back towards its previous resistance at 2.30. Still being capped by a large seller as shown by the large volume but small price changes. As soon as the large seller has finished offloading his shares it should be blue skies for MCR.

With record nickel prices, $100million in the bank and recent resource finds, the record quarterly result due out on the 29/01 should launch this stock to $2.50 then onto $3 by the end of March.

The chart to me looks very strong. It looks to me as soon as the $2.30 resitance line is broken, it push ahead into Blue Sky very quickly. I see this as a potentail breakout.

 

[porkpie324]

I'm not sure about that blue sky just yet MiningGuru, there seems to be an abundance of sellors, I closed all my positions on Friday. MCR like a lot of other miners seems to come under late afternoon selling pressure, (like today), so still a lot of nervous people. I do think that long term your right though, I will certainly be buying again on weakness I'll wait for the stochastic to turn down to an oversold position. porkpie