nickel price stats, page-6

Folks,

Referring to the Hartley's assessment kindly provided by Needle. Reminds one of the other broker assessments of MRE that had fair value at $1.30 - $1.80.

My observation of the Hartley's assessment is that the "respected broker" has an each way bet.....typical of these go-betweens who make money off both sides of the bargain.

On the one hand their "valuation of $2.65" is based on the "unreliability" of production and the "sensitivity to nickel" but that same valuation they concede "may look silly" considering the spot price of nickel.

Only "red blooded investors" should stick around, in their opinion, to take advantage of their "$11 a share valuation" based on "the spot price of nickel".

They concede that MRE is a "perennial takeover target" with Glencore and Xstrata mentioned but they think that holders should take profits now and leave the possible $11 a share price (no doubt based on the PE that other producers such as Jubilee command) on the table for the afore-mentioned "red blooded investors."

Definition of broker: Parasitical organism who feed offs two hosts simultaneously.
Alternative definition: Glorified and overpaid pim ps.

(Sir) Lunchalot
Scoffer Extraordinairre
Caveat: Lunchalot is a "red blooded" investor. Beware of taking his observations as advice.