MRC 0.00% 2.2¢ mineral commodities ltd

Nothing is limitless, but this resource is a little different to...

  1. 3,345 Posts.
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    Nothing is limitless, but this resource is a little different to anything you will see. The resource is inferred and it has reduced, but even using this classification isn’t a good guide. You can only measure an area once, so if they re-mine an area (which they have), it can’t be included. An understanding of where the resource originated, is the key. They also need access to more beach front, this will help replenish the 12km of beach they have mined for the past 3 years.

    As for the institutional following.
    Many have mandates, some are market cap specific, many are not. But most use one fundamental and that’s share movement liquidity. MRC have a real issue with that, in my opinion they need to split the stock, it’s just too tightly held. They also need to be front and centre of the broking community, it’s a good story it just needs to be told.

    P
 
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