by my calculations mre should have a cash balance at end of this qtr of approx $295-310 mio based on avg nickel price of say USD40/41000/t ,A$.79c and production lets say 7800t down due to lightning strike power outages and after paying dividend of A$209mio, MRE is certainly a cash cow at the moment and i do expect another very good interim fully franked dividend,come the half year results, mre is just shovelling in the cash,and as discussed by other posters one would have to be very naive to think that glencore and xstrata have not discussed the possiblity of xstrata taking over MRE ,they IMHO have a plan its not a matter of if but when and at what price.
MRE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
