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Post Info TOPIC: MCR
Asxtrader

Date:
MCR


Is Mincor still a good buy?

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Anonymous

Date:

Yes and no, I think you will get a better entry.
I see upside to $1.50 though, but would I put my money there right now? Nope
Try PRC - they start hard coking coal production soon.

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Member

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Posts: 11
Date:

now at 87c likely to go down more. apocalypse coming..
http://scienceblogs.com/pontiff/2008/10/signs_of_the_apocalypse_google.php



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Veteran Member

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Posts: 32
Date:

Yep, MCR broke support at $1.00, then again at 93c. At 87c I can see them going much lower on Monday. I will be looking for a support because they are a high grade nickel producer. The low prices will discourage higher cost mine projects. They have $127mil in cash, so great entry when they bottom. I think the Dow is going to 7500pts, so look for that.

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