I found this article about BHPB in the Australian interesting..
http://www.theaustralian.news.com.au/story/0,25197,22272366-643,00.html
Particularily this comment:
"Past takeover speculation has centred on big acquisition targets such a US aluminium giant Alcoa, South Africa's Anglo American or US copper and gold major Freeport. But smaller companies may also be on BHP's agenda. There is some speculation that BHP has been eyeing Western Australia's nickel sector with the aim of securing better feedstock for its WA nickel smelting and refining business. "
It specifically references smaller Western Australia based nickel miners for which MRE is the perfect target.
It would be a shame to see them go so cheap!!!
the australian. takeover speculation article
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