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
$1.97 |
Change
-0.015(0.76%) |
Mkt cap ! $297.5M | |||
| Open | High | Low | Value | Volume |
| $1.98 | $1.98 | $1.95 | $295.6K | 150.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9624 | $1.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.97 | 3795 | 1 |
View Market Depth
| Last trade - 15.52pm 17/09/2025 (20 minute delay) ? |
| MRE (ASX) Chart |