Glencore will not put in $200M and then close the mine. They could do that without putting the $200M in - which would, I think, be a better position for them. People paying marginally above the rights issue conversion - well it is not a bad punt for them as think the downside is probably limited. And last time Glencore underwrote a rights issue in Anaconda/Minara, the shares went up quite strongly as soon as the rights issue was concluded. I am unsure when the issue absolutely finishes, I am not going to buy any, but think they are a buy - even without looking at the fundamental operating concerns that must exist at Minara at the moment.
Glencore will not put in $200M and then close the mine. They...
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Last
$2.00 |
Change
0.000(0.00%) |
Mkt cap ! $302.8M | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.01 | $2.00 | $323.4K | 161.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 38660 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.01 | 228401 | 2 |
View Market Depth
| Last trade - 13.06pm 18/07/2025 (20 minute delay) ? |
| MRE (ASX) Chart |