This stock no longer trades (delisted July 20, 2023)

Delisted / no longer publicly traded (per market data provider) Everything below is based on the last available data — treat it as historical, not a live read.

Mincor Resources NL

MCR.AX

Industrial Materials · Basic Materials

Exchange

Australian Securities Exchange

Winston Score

Historical score — this stock no longer trades, so the score is frozen at the last available data.

Data as of Aug 23, 2026 · filings through Jun 30, 2021

How the score breaks down

Quality

Mixed

Growth

Weak

Cash Flow

Weak

Stability

Good

Valuation

Data not available

Dividends

Mixed

Winston Score History

The full picture

Mincor Resources NL is an Australian mining company that digs nickel out of the ground in Western Australia. Its main product is nickel sulfide ore, which it mines and processes into a concentrate that gets sold to smelters. Nickel is a key ingredient in stainless steel and, increasingly, in batteries for electric vehicles.

Mincor earns money by selling nickel concentrate under offtake agreements, meaning buyers are lined up before the ore is even produced. The company operates entirely in Western Australia, making it a small, single-commodity producer with limited geographic diversification. Its mines sit in the Kambalda region, a historically rich nickel belt, which gives it access to high-grade ore — but the business is highly exposed to nickel prices, which have fallen sharply in recent years due to a flood of lower-cost supply from Indonesia. That price pressure is the central risk the company faces going forward.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-197.9% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-7.6% YoY

YoY Growth Rate

Earnings declining

Insider Activity

100.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~8 months

A$81M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Mincor Resources NL has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

19.1%

Thin — 19.1% gross margin

Profit after running costs

Operating Margin

180.4%

Excellent — 180.4% operating margin

Return on the money invested

ROCE

-10.2%

Weak — -10.2% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

-98.9%

Shrinking sales (-98.9% YoY)

Profit growth

EPS YoY

N/A

—

Data not available

How steady the profit is

EPS Consistency

0/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

-28471.1%

Burning cash (-28471.1%)

Free cash flow is negative. They are burning cash, not generating it.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

0.29

Conservative — low debt load (0.29)

Covers its interest

Interest Cover

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

2.89%

no trend

Moderate income — 2.89% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record

Dividend Growth

+0.0%

no trend

Dividend flat

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial