MCR
Director Trades
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Company News
Andrew Forrest blazes a nickel trail
Nickel’s dismal performance so far this year has hurt investors but there are three reasons to believe that it will bounce back, all connected to Australia’s richest man, Andrew Forrest. The most obvious Forrest/nickel link is the completion last week of his takeover of Mincor Resources (ASX: MCR), one of the small but successful miners […]
Block dives amid Hindenburg fraud claims, KMD Brands back in profit and Wyloo bids for Mincor
Shares in Afterpay-owner Block (ASX: SQ2) dived more than 26% on the ASX across the latter half of the week after short-seller Hindenburg Research published a scathing report accusing it of fraud on Thursday. Hindenburg claimed its report was based on a two-year investigation into Block, which found it had willingly “facilitated fraud” against consumers […]
Andrew Forrest sparks a merger and acquisition race for small miners
Iron ore billionaire and green energy crusader Andrew Forrest has just fired the starter’s gun on what’s likely to be a wave of merger and acquisition (M&A) activity among small miners. Forrest’s $760 million bid for nickel miner Mincor (ASX: MCR) is set to succeed, not because it’s a particularly generous offer, it’s more case […]
Wyloo Group makes $760m takeover bid for Mincor Resources
Billionaire Andrew Forrest’s Wyloo Group has made a $760 million on-market takeover bid for the remaining shares in Mincor Resources (ASX: MCR) which it does not currently own. Wyloo Group is Mincor’s largest shareholder with 19.9% equity (or 106.5 million shares) and manages a diverse portfolio of exploration and development projects, as well as cornerstone […]
Nickel shapes-up as star battery metal performer in 2023
Nickel played second fiddle to lithium in the battery metal orchestra this year but it’s shaping as the star performer next year. The switchover will come from a combination of lithium peaking after a stellar run, while nickel gets a double-barrelled boost from the re-opening of China, which means increased demand for stainless steel, nickel’s […]
Nickel primed for another price bounce amid fears of Russian nickel ban
Nickel is unlikely to soon test its all-time high of US$50,000 a tonne reached earlier this year when a Chinese billionaire was caught in a spectacular short squeeze, but there are early signs of conditions developing which point to a price bounce. The major issues with nickel are reliability and quality of supply, with both […]
Base metals fire sparked following BHP’s failed OZ Minerals bid
BHP (ASX: BHP) has started a fire in the base metals sector with its takeover bid for OZ Minerals (ASX: OZL) – a move which highlights the shortage of commodities essential for energy transition. The combination of supply suppression through bans on new oil, gas and coal projects, and energy-demand growth even as the global […]
All CLANC battery metals are equal, but some more equal than others
CLANC (copper, lithium, aluminium, nickel and cobalt) theory is appealing for investors with an eye on battery metals, because it encompasses the big five minerals, but within CLANC there are two metals with outstanding credentials because they’re also getting a Russian kicker – aluminium and nickel. There are other commodities which could win from Russia […]
Is Mincor Resources a sitting duck for a takeover attempt?
Despite popular belief, lightning can strike the same place more than once and that appears to be the case with Mincor Resources (ASX: MCR), which is reliving its nickel-star past as the same forces which saw its share price rocket up by 600% in 2007 appear to be making a repeat performance. After that stellar […]
The big money chasing nickel small caps
Follow the money is always sound investment advice and that’s certainly the case at the small end of the nickel sector where some of Australia’s richest people are building positions ahead of what’s expected to be another upward surge in the metal’s price. Andrew Forrest, best known for his iron ore and green energy pursuits, […]