MCR - Mincor Resources - Nickel Producer

[macduffy]

Yep definitely the right move.There will be a number of producers that do not survive the future .MCR?

I wouldn't be rushing into them but MCR will probably survive to see better times. A well managed company; good track record; mining in one of the best nickel provinces, the Kambalda area.

[macduffy]

Another tough quarter for Ni miners but MCR at least appear to have survived with only a minor net cash outflow.

http://www.asx.com.au/asxpdf/2015103...4fhtrzmyn9.pdf

[macduffy]

Life may become a little better for the Ni survivors such as MCR and PAN as competitor, Queensland Nickel, succumbs to the pricing pressure and opts for voluntary administration.

http://www.brisbanetimes.com.au/quee...25-gmdage.html

[macduffy]

Life may become a little better for the Ni survivors such as MCR and PAN as competitor, Queensland Nickel, succumbs to the pricing pressure and opts for voluntary administration.

http://www.brisbanetimes.com.au/quee...25-gmdage.html

But the not so encouraging news in the December quarterly report this afternoon is that MCR will suspend mining in March, pending an improvement in the PoN.

[JBmurc]

Hard to believe I can BUY MCR at 14c but I'll take it Gold production soon enough ...well cash backed ...when nickel price comes back will add a huge kick to MCR SP...

http://www.resourcesrisingstars.com....-golden-future

[JBmurc]

Nice up 17% on exploration results......talk about timing lol

[JBmurc]

STRONG GOLD INTERSECTIONS HIGHLIGHT
FLINDERS WEST RESOURCE POTENTIAL
Widgiemooltha Project grows as drilling continues to find more gold
• Thick, shallow high-grade intersections from drilling west of Flinders:
o 4 metres @ 7.76 g/t Au from 13 metres (MRC507)
o 8 metres @ 6.60 g/t Au from 11 metres (MRC512)
o 3 metres @ 6.83 g/t Au from 5 metres; and
o 26 metres @ 1.39 g/t Au from 17 metres (MRC510)
o 12 metres @ 3.09 g/t Au from 27 metres (MRC517)
o 15 metres @ 2.63 g/t Au from 3 metres (MRC518)
o 13 metres @ 2.71 g/t Au from 13 metres (MRC521)
o 10 metres @ 2.20 g/t Au from 2 metres (MRC509)
o 12 metres @ 1.18 g/t Au from 1 metres (MRC508)
o 9 metres @ 2.38 g/t Au from 32 metres (MRC526).
• The new discovery, named Flinders West, highlights the growth potential of Mincor’s Widgiemooltha
Gold Project.
• Follow-up drilling to start within a fortnight with a high expectation existing Mineral Resources and
Ore Reserves will be expanded.
• Mincor continues to progress towards first gold production at Widgiemooltha by March Qtr 2018.

[JBmurc]

18c close and depth looking very Bullish Good drill results should continue>>>>

personal see MCR trading in the mid 20's within the short term

Great mgmt with proven smart operations over many years will see MCR once again gain market attention with Golden cashflows

[JBmurc]

SP 20c with GAP to my sell order 21.5c come to daddy ......(selling half my recent buy)

[JBmurc]

Sold half of my MCR holding 21.5c ....av buy in 15c two weeks ago ...$4,800 net profit...Very nice indeed ....but it keeps running ....selling pushed it to the low teens only weeks ago !!! not even sure when I want to sell my other half .....30c ???