MCR - Mincor Resources - Nickel Producer

**macduffy** · 13-06-2009, 08:53 AM

Originally Posted by STRAT

Hi Huang Chung and MacDuffy.
Do you fellas have any thoughts on how sustainable this demand will be?

Realistically we have to expect a pull-back fairly soon, IMO.

A bit of a warning in the Baltic Dry index which has retraced in the last few days after a big climb. Plenty of commentators warning too that the Chinese stockpiles are growing but production of the end products isn't.

**macduffy** · 13-06-2009, 08:56 AM

Originally Posted by macduffy

Realistically we have to expect a pull-back fairly soon, IMO.

A bit of a warning in the Baltic Dry index which has retraced in the last few days after a big climb. Plenty of commentators warning too that the Chinese stockpiles are growing but production of the end products isn't.

But it was up a bit last night!

http://www.dryships.com/pages/report.asp

**macduffy** · 13-06-2009, 11:39 AM

Another view on the nickel market.

http://www.fnarena.com/index2.cfm?ty...0312A4C474EEC2

**STRAT** · 13-06-2009, 12:53 PM

Thanks for the links and your thoughts Macduffy.
Very much appreciated

**macduffy** · 21-07-2009, 04:31 PM

Another strong quarter from MCR, good production, costs down.

Cash at 30 June $75.8m, up from $60.6m at 31 March.

Working capital $93.9m, up from $78.4m.

SP responded by jumping 17% to $1-86.

**lewinsky** · 21-07-2009, 04:50 PM

And love the last line. "The company has no debt."

**COLIN** · 21-07-2009, 09:07 PM

Originally Posted by lewinsky

And love the last line. "The company has no debt."

Me too.
It was hard to find any negatives in the 1/4ly report - there must be some, surely.

**macduffy** · 02-08-2009, 04:49 PM

Interesting commentary on the nickel market here.

http://www.fnarena.com/index2.cfm?ty...7FD6780D9DAEF8

Relevant also to PAN (and others) of course.

**duncan macgregor** · 02-08-2009, 07:50 PM

Perhaps PHAEDRUS would be good enough to post the six month chart of nickel prices along side the six month SP chart of MCR. This companies share price has followed on very closely to the nickel price chart over the last few years giving buy, and sell signals at the appropriate times. I find the metal price chart a reliable indicator with most producing low debt mining compaies when making buy and sell decisions. Macdunk