Folks,
Disclosure: I own MRE, a lot of it.
Background:
And I've wondered how such a prime takeover target that has paid good dividends and has got its house in order is plagued with consistently low prices.
Question:
Is it true that Glencore (the Xstrata puppetmeister) owns a significant (and decisive) stake? If this is true - and I'd like to be informed if it is! - then would it be in Xstrata's interest to have a consistently low price before making a "full and fair" offer - something that occurred in their MIM scoop not so long ago? At a ridiculously low price? For who else could enter with a counter offer if Glencore owned a decisive stake?
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Last
$1.98 |
Change
-0.030(1.49%) |
Mkt cap ! $299.8M | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.01 | $1.98 | $816.8K | 408.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 25868 | $1.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.01 | 51973 | 2 |
View Market Depth
| Last trade - 16.10pm 16/07/2025 (20 minute delay) ? |
| MRE (ASX) Chart |