Think about this SN. Eddie Groves who built ABC Learning Centres...

Think about this SN. Eddie Groves who built ABC Learning Centres from the ground up, was the CEO and knew the company inside out was buying millions of shares in ABS at $7... within 6 months his holding had been reduced to ~3,000 shares due to margin calls and the share price is 68c.
People get it wrong, it doesnt matter who you are.

Yes MRE's asset is still there, but is it a good asset with the nickel price where it is? No. It may not even be feasible at the current prices.

Are MRE good operators? No. Non stop problems.

Is the stock oversold/out of favour? Who cares, an oversold/out of favour stock can remain that way for a long period of time. Particularly when there is no reasons thus far for people to change their view. Dividend gone. Nickel price still falling.

Sure you can make money out of this, but it is more luck than skill. You are catching falling knives and other than Duicorp, who knows where the bottom is.