Dear All
For those in the stock since Anaconda days, the Glencore bid is highly predatory and should properly be rejected.
There are a very long list of reasons for this including:
- The strong long term outlook for nickel;
- The replacement cost and long lead times to get a plant up and running. BHP blew $3 billion on a similar plant which did not work - Equivalent $3 plus Minara price;
- The temporary high Aussie dollar which has put pressure on margins.
- The temporary international economic crisis - ditto;
- Similar takeovers albeit during the boom but at $15 Minara equivalent;
- The fact that Glencore itself has bought in the past at $6.60 (current equivalent $2.64);
- The fact that the plant after a lot of years of patience is now up and running;and
- The heap leach technology which is propriatary to MRE.
There are a lot more reasons but to Glencore, you got over 50% and 70% at rock bottom prices without a takeover premium. Try and exercise your legal duty as a majority shareholder by sensibly running the company to make a profit, not trying to take advantage of the minority shareholders.
Cheers EOS
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Last
$2.01 |
Change
-0.010(0.50%) |
Mkt cap ! $304.3M |
Open | High | Low | Value | Volume |
$2.03 | $2.03 | $2.00 | $465.0K | 230.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9520 | $2.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.03 | 3914 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9520 | 2.010 |
6 | 149757 | 2.000 |
2 | 21729 | 1.990 |
1 | 8336 | 1.980 |
1 | 5000 | 1.975 |
Price($) | Vol. | No. |
---|---|---|
2.030 | 3914 | 2 |
2.040 | 25803 | 3 |
2.050 | 76000 | 2 |
2.060 | 15851 | 2 |
2.070 | 10661 | 2 |
Last trade - 16.10pm 11/07/2025 (20 minute delay) ? |
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VIRIDIS MINING AND MINERALS LIMITED
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