MRE is under the effective control of Xtrata/Glencore already.
The proposed takeover of JBM now raises the more immediate prospect of a takeout of the MRE minorities.
Xtrata/Glencore needs to do this to release the synergistic benefits of its various nickel assets in Australia which had been previously valued at $100 M per annum.
The independent Directors may well be under some pressure on appropriate pricing for MRE - $9-11 would appear likely in the current market.
Regards Eos
MRE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held