From their last Market Update - "development of the Murrin Murrin East Ore body introducing a new source of high grade ore, with first ore scheduled to be processed during the first half of 2011".
When you say 200 million shares...is they because you think we'll pay $400 million for it, $200m cash and 200m shares? Would Glencore approve 20% dilution for a measly $200m which we earn in only 12 months?!
GME Resources Limited has a market cap of $33.26M. We could buy it with 2 months of our profit, why will there be significant dilution?
MRE Price at posting:
90.0¢ Sentiment: Buy Disclosure: Held