Yep, 1. Ni $price is way down from historic highs (source: kitco.com). 2. Smaller would-be Ni players have put their production plans on hold: (e.g. FML has BFS for Ni on hold - disclosure I hold, and source: it's in their announcements). 3. Glencore is the major partner in MRE %40 JV (Source: See MRE 1/2 year report out today). 4. Returning to my thread topic - $6 to $3 to $1.49 - looks attractive for takeover as NTA or price/book ratio approaches or gets less than 1:1. 5. Would be interested in any comments about the likelihood of MRE as a takeover target....??? (Disclosure: MRE holder). Cheers, -- Arnold
MRE Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held