rivkin? who is rivking? another hotchina?
The crap that people dish out to justify their own stupid reasons in investing and worse RECOMMENDING any stock or commodity.
Hopefully one day these experts, that they are only good at milking us for money, would realise that Ni grade is significant in the operations of Minara and having a run down plant not important.
Minara do not have the Ni grades available to them, and Minara's second biggest mistake was to dish out 20cents dividend to Glencore - better if they kept the money in the bank for a rainy day.
Rivkin have the nerve to discuss a takeover of Minara without providing who might be interested!!!
Now that seems odd, does it not?
Why would Glencore (or Xstrata), be interested, in the remaining 30% which they do not own, in something that does not work and possibly has no future?
Perhaps once the share price drops below 80cents and Minara is bleeding from all o........ then perhaps Glencore can bid for the remaining 50.4% of Minara which they do not own.
Again I could be wrong and G?? Resources could come to Minara's rescue.
In the meantime die hard Minararaities ... enjoy the bounce in the shareprice.
Arhidas
MRE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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