Yep,
1. Ni $price is way down from historic highs
(source: kitco.com).
2. Smaller would-be Ni players have put their
production plans on hold:
(e.g. FML has BFS for Ni on hold - disclosure I hold, and
source: it's in their announcements).
3. Glencore is the major partner in MRE %40 JV
(Source: See MRE 1/2 year report out today).
4. Returning to my thread topic - $6 to $3 to
$1.49 - looks attractive for takeover as
NTA or price/book ratio approaches or gets less than 1:1.
5. Would be interested in any comments about the
likelihood of MRE as a takeover target....???
(Disclosure: MRE holder).
Cheers,
-- Arnold
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- remember glencore bought up to 6 bucks
remember glencore bought up to 6 bucks, page-10
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