MRE may be down a little over concern about quarterly production result.
Replacement cost of plant at 2.5 billion suggests a value of $5.50 a share although this would be subject to steady state nameplate production.
There are persistent rumours of a play by BHP. This would be a good move by BHP given the $100 M plus of estimated synergistic benefits. At current prices, a takeover could be 100% debt funded. Expect general upside on this stock.
mre
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Last
$1.56 |
Change
0.000(0.00%) |
Mkt cap ! $301.0M | |||
| Open | High | Low | Value | Volume |
| $1.58 | $1.62 | $1.55 | $1.035M | 659.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15440 | $1.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.57 | 2397 | 2 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| EOS (ASX) Chart |