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MCR - Mincor Resources

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wintermute said:
One variable I don't know yet is the mine life!! if it is short then that could be a reason for the low p/e ratio...
Click to expand...
The last I remember reading it was 2013. But they have since found a big nickel reserve in one of their mine extensions. So, I have no idea. But they do have a big exploration programme, as well as a tungsten/ uranium project. What's the easiest way to find mine life stats?
 
Some very unusual price action. Anyway, it briefly filled the gap above 2.50, after being in the 2.40s, and now back into the 2.60s. Now back into the 2.50s. Massive volumes being done for this stock anyway.
 
I just looked at the 5 year monthly chart, and RSI is showing it is way overbought.... weekly is edging its way towards overbought too... when MRE did this it had a massive pullback... thinking about taking my 2.31 bid out now, as we may even see it pull back to $2.00.... The latest nickel prices have gone up very very quickly, could see a pull back on those, and if that happens panic might set in... still might be a chance to get some at a bargain price

Tony.
 

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My analysis is the same. Already sold out of MRE today, and it looks like MCR has run out of steam as well. We've probably seen a top in the nickel price, so time to take profits I think.
 
chops, it seems that your analysis slipped out a bit......
still running ...see how it goes today..........
think might be going $3 ???
:
 
yeah certainly thinking I should have bought when I had the chance, but just looked at the chart and monthly RSI is just about at 90, daily has just popped over 80 and weekly is just about to poke it's head above 80.... I think a pullback is imminent, but how big it will be is another question... maybe back to $2.30 to fill that gap??? I can dream

Tony.
 
j4mesa said:
chops, it seems that your analysis slipped out a bit......
still running ...see how it goes today..........
think might be going $3 ???
:
Click to expand...
I bought back in after the indicators then reversed... strongly. Momentum is still looking good. Not sure if the RSI is a good indicator at the moment as there is panic buying for nickel, and the other nicklers are still climbing whilst above 80.
 
Will this share break through the $3 barrier today?

It has touched on it, but will it close above?

I think that if it does it will shoot quickly up to the $3.20s

The chart indicators are still very strong on this share. Nickel is still very strong.
 
You would almost think that there is something more than the nickel price driving this one..
 
Perhaps there sellng SMY & IGO and buying MCR, BTW I've just opened a pos with IGO, after I took prophets on Tues/Weds there's been a sell off in IGO. porkpie
 
Yep its crazy stuff, MCR's cap is up to over 600mil ish, finger burning stuff in the short term IMO.
KZL's cap is 1 bill at today's prices yet no one wants a bar of them.... ah its all about whats in flavour I presume.
 
MCR now up 14c all during the last hour, the other n miners yet to follow, must be something going on, I wonder if Chicken is buying! porkpie
 
porkpie324 said:
Perhaps there sellng SMY & IGO and buying MCR, BTW I've just opened a pos with IGO, after I took prophets on Tues/Weds there's been a sell off in IGO. porkpie
Click to expand...

What did the prophets say? LOL
 
well I'm certainly not buying now!! the monthly chart is looking like it is on the last stage of going parabolic to me!

Tony.
 

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