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MCR - Mincor Resources

Discussion in 'Stocks I-P' started by tech/a, Feb 17, 2005.

sentifi.com

Aussie Stock Forum Sentifi Top themes and market attention on:

  1. Porper

    Porper Ralph Nelson Elliott

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    I am out.

    I believe there is a good chance of heading back down to the breakout area on the weekly chart above. Another buying opportunity perhaps.MCR.png
     
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  2. peter2

    peter2

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    MCR Notes:
    March 2019 - Nickel offtake agreement with BHP Nickel West for processing of Kambalda nickel ore.
    May 2019 acquires Long Nickel Operation from IGO (underground mine)
    -Exploration shows more nickel resources (Cassini) and others.

    Definitive Feasibility Study on an integrated mine plan late Dec 2019.
    [ie not processing any nickel ore yet.]
    Gold mining at WGP ceased, minimal income now

    Cap raising $23Mill for exploration and drilling activities. feasibility studies, operational readiness, pre-production capital expenditure and working capital.

    Principle activity is mineral exploration with very minor ore processing (minimal income).

    I'll wait for the DFS and further progress of their nickel production.
    I'll also need to see more bullish price action in the charts.
     
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  3. rnr

    rnr

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    @rnr
    Remember to review daily & weekly chart together! :(
     
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  4. Porper

    Porper Ralph Nelson Elliott

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    Goes without saying.

    It then comes down to your time frame and which patterns you believe are stronger.
     
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  5. rnr

    rnr

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    Thanks for the comments Porper and I should know better as I've been around long enough.

    Probably time I sent that brain chip in for an overhaul....or maybe even exchange it for an updated version.

    Cheers,
    Rob
     
  6. Porper

    Porper Ralph Nelson Elliott

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    We all make mistakes still.

    I recently forgot to tighten a protective stop and got walloped following an announcement!!
     
  7. sptrawler

    sptrawler

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    That could have been a very prudent post Peter, the DFS has been put back to the March quarter, while they keep looking for resources.
    The cash burn continues.:(
     
  8. Padowan

    Padowan

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    I have picked MCR for the November stock picking contest based on continuing improvement of fundamentals in the nickel market as Tsingshan continues to empty the LME warehouse to use the purchased nickel to supplement stainless steel production in 2020 because of tightness in the market, Indonesian politics creating ongoing supply uncertainty. From a company point of view I am attracted to their Cassini discovery, it appears high grade and open for extension with more drilling, they could also start generating drill results soon from their exploration at the Long nickel mine acquired from IGO earlier this year
     

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