takeover target/afr article, page-4

Hi Sally,

My understanding of the situation is that MRE processes Nickel for a few other companies as well as its own.

I always looked at that as a positive.

If they have capacity to process more nickel than what they can dig up themselves why not?

Basically it means MRE makes money whether they dig up Nickel or not(they dig up quite a bit).

I sold out of call options on tuesday(unfortunately) but am looking to buy back in some time very soon(perhaps at a higher price).

such is life.

cheers.