Hello there.
I had a brief flirtation with MRE earlier this year when it was 1.50, and before it didn't announce a dividend. I thought that MRE was going to be wound up given the low price of nickel and its relatively high production cost methods. However I am uplifted by its balance sheet - it currently has NO debt - its current ratio is 2.25! I think there is no doubt that MRE can survive. The question is, is it economic enough to produce the nickel...
Does it need to be killed and wound up? Is this a share that Gordon Gekko might have liked in the 1980s?
hold or sell, page-3
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Last
$1.98 |
Change
-0.005(0.25%) |
Mkt cap ! $299.0M | |||
| Open | High | Low | Value | Volume |
| $1.98 | $1.99 | $1.98 | $207.6K | 104.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4933 | $1.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 72106 | 1 |
View Market Depth
| Last trade - 15.46pm 12/11/2024 (20 minute delay) ? |
| MRE (ASX) Chart |