(1) MRE is oversold in my view. (2) Half yealr report will calm investor nerves Re: net profit (3) Production issues as noted in the release are niggling issues NOT catastrophic issues. However the market is right to be sceptical given $100m was invested to get it right (4) MRE will be in play if Xstrata get WMR. (5) Nil debt
Little further downside risk in my view, plenty of upside potential when they sort out these niggling issues.
MRE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held