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
$1.99 |
Change
0.005(0.25%) |
Mkt cap ! $300.5M | |||
| Open | High | Low | Value | Volume |
| $1.97 | $1.99 | $1.96 | $423.8K | 214.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 59375 | $1.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.99 | 2582 | 1 |
View Market Depth
| Last trade - 13.46pm 16/09/2025 (20 minute delay) ? |
| MRE (ASX) Chart |