MCR strong buy imo;) may buy a CFD(40%Ln)before resource update comes out in march-- holding ords at a bargin 66c(80+ imo)
;)just brought back into AGM 15c 48hrs ago up 10% to 16.5c already:D (30-35c in 06)
nickel,s looks good for a bullish year
Printable View
MCR strong buy imo;) may buy a CFD(40%Ln)before resource update comes out in march-- holding ords at a bargin 66c(80+ imo)
;)just brought back into AGM 15c 48hrs ago up 10% to 16.5c already:D (30-35c in 06)
nickel,s looks good for a bullish year
Mincor - Going to be an interesting half year report next month,AMP have now finished dumping, now not in top 20, as 3rd Jan, < than .48%.
Nickel back to over $19,000 a ton OZ and record production on it's way.
Hoping for a 2c dividend announced around 20th Feb!
Regards [B)][}:)]
-how about AGM ;) major buying today 6.7million volume trading up 19c up 26% from only days ago some news on the way hopefully a contract with a major chinese buyer ;);)
MCR-68c-P.E 5.28 - great buy at these levels just compare to IGO- 1.83 P.E-10 three times the sp of MCR [?]
Excellent Dec quarter for IGO:
http://stocknessmonster.com/news-ite...E=ASX&N=311818
GROUP HIGHLIGHTS
Production 62,872t @ 4.01% Ni – 2,519 nickel tonnes (Ni t) (Budget 2,199 Ni t)
NPAT - $7.4 million after $0.8 million exploration write off and $2.2 million write up of September 2005 quarter receivables due to increase in nickel price during the December quarter
$21.5 million cash and net receivables (Sep $28.6m) after debt repayment of $0.8 million, tax payment of $6.8 million and dividend payment of $5.5 million
Independence Group (IGO) awarded “Miner of the Year” at the Excellence in Exploration & Mining Conference in October 2005
Ore Reserves increased to 1.43 million tonnes at 3.9% Ni (55,290 Ni t), prior to taking 2005/6 production into account
OPERATIONS HIGHLIGHTS
Production – 62,872t at 4.01% Ni for 2,519 Ni t (Budget 2,199 Ni t)
Cash costs A$3.28/lb payable nickel (budget A$3.81)
1,127 Ni t (45% of production) mined outside or in excess of June 2005 ore reserves
Further high-grade drill results at McLeay nickel deposit
Interim McLeay resources and reserves announced, with the deposit remaining open to the north, south and east
Long South decline has progressed and is currently 90 metres from the northern edge of the Long South target area (drillhole KD6067BW7 – 3.6m @ 3.3%Ni)
EXPLORATION HIGHLIGHTS
NICKEL/OTHER
Ravensthorpe JV - rock chip sample returned 10g/t Au and 37% Cu and high order electromagnetic (EM) conductor identified
Goldsworthy JV - high-grade iron ore drill intercepts, including 18m @ 60.2% Fe, 16m @ 62.7% Fe, 16m @ 60.2% Fe and 46m @ 61.4% Fe
GOLD
Tropicana JV - true width drill intercepts including 32m @ 6.6g/t Au, 9m @ 6.3 g/t Au and 20m @ 2.3g/t Au
Dalwallinu - virgin gold discovery with drill intercepts including 7m @ 30.0g/t Au
Ohhhh baby. IGO is flying over the last few days!! . Has been some great volume traded since the qtyly.
Someone taking a stake?
For such a quality company, IGO has been a sleeper. Good to see it run past $2.00.
hi,holding both igo,up82% and mcr,breakeven,mcr will go up,cheers pago.
How things can change in such a short time, for better [8D] or worse [xx(]!
Well JBmeru, you have done extremely well sticking to AGM!:)
In fact IGO, JBM, SMY, WSA and now MCR are all breaking out.
Must be something about the nickel price approaching $20,000 OZ again, a few months ago it was looking pretty sick [xx(]
Five months ago I would not have given TTR, a look in, but with gold ramping from $500 to $740 an ounce for GOLD, who can ignore it.
IGO have some pretty interesting gold interests as well and do not write Mincor off in this aspect.
MCR - my view only
Will break out on their half yearly report, should be a great one like IGO
1 - production should be at least on target, for 13,000 tons.
2 - Costs should be going down, that drop in nickel 1st quarter should have had spurred action on spending, costs.
Also major spend over, harvesting.
3 - Nickel back over $19,000 a ton OZ
4 - AMP well and truely finished. Thank goodness for that, bacially I think their selling has put Mincors price, in a dark hole
From memory I think they literally dumped 17 million shares, in the last year.
Cheers [}:)][}:)]
Looked like a solid production report for MCR, 13000 tonnes on track, working on increasing resource estimates. The market liked it, MCR up 13% this month, and Ni almost $7.00/lb as destocking ends. Looking good for 80c again. Good calls Tricha.
SEC
Since stainless steel producers have been able to put their prices up they have been starting to restock their alloy inputs. Should keep nickel's price around $7+/lb for a while.
SEC