MCR – UBS rates the stock as Initiation of coverage with Buy

Mincor has cash in the bank and a highly regarded management team, but the nickel producer also has limited life span, comment UBS analysts in their maiden research report on the company. The latter means the company’s future is very much dependent on further exploration success. That and there’s, of course, the cash that can be used to purchase growth through acquisitions.

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Mincor – Nickel’s Quiet Achiever

Nickel is all the rage at the moment as the global economy attempts to recover from the GFC and China’s stainless steel factories once again fire up into full production. The most expensive of the five major base metals, nickel likes to act as the standard bearer for an advancing army. It usually leads the way with gusto into the fray but then, unarmed, turns and flees at the first sign of trouble. To that end, it is also usually the most volatile of the metals.

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MCR – Deutsche Bank rates the stock as Sell

Mincor is all about survival and aggressive cost cutting in order to preserve its cash. The analysts point out available cash has dimished from $113m to an estimated $65m in just 6 months, and this shows how precarious the situation at Mincor is. Deutsche Bank has a truly subdued nickel price forecast, is anticipating this company will thus continue to book losses until FY11 (first year of profits)and thus thinks it is best to keep Mincor shares on a Sell rating. Sector: Materials.

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