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
$1.99 |
Change
-0.015(0.75%) |
Mkt cap ! $300.5M |
Open | High | Low | Value | Volume |
$2.01 | $2.01 | $1.99 | $332.4K | 166.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1161 | $1.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.00 | 69967 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1161 | 1.985 |
3 | 41515 | 1.980 |
1 | 5000 | 1.975 |
1 | 94336 | 1.970 |
1 | 10000 | 1.965 |
Price($) | Vol. | No. |
---|---|---|
1.995 | 69967 | 2 |
2.000 | 120536 | 4 |
2.010 | 175888 | 10 |
2.020 | 10900 | 2 |
2.030 | 1000 | 1 |
Last trade - 15.59pm 08/07/2025 (20 minute delay) ? |
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