My quess is automated selling i.e. not the greedy who want more.
Don't forget it jumped .17c after close. Thats a huge cap that needs covering back down to .87c. Glencore ain't going to pay more than .30c. It will see .30 before it see's 1.20. After the tank and when it's in the mid-high .20's who is going to take the offer of .30? Glencore clean up sell to Xstrata. Bye bye MRE.
confirmed with mre record date is 10th nov ..., page-10
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87.0¢ |
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