Problem with MRE is that its always had the gremlins of...

Problem with MRE is that its always had the gremlins of operational breakdown hanging over its head (even admitted to at its AGM).

Now that its finally happened, investors are unlikely to trust that going forward there wont be a repeat...in all likelihood tehre wil be more breakdowns.

Personally I think MRE had it coming and i wouldnt touch it...

In nickels i only hold IGO and have since 30c...and a lot to.

MCR is suffering from a shocking september quarterly...though you have to read between the lines to spot the underlying problems (eg read the footnotes, deduct the development expenses etc...they're lucky if they made a profit!)

Will the dec quarter be different for MCR? who knows...they are now producing from around 4-5 separate mines, and grading only around 2.5-3%, i can imagine what that means for costs per pound. Id be wary of it, though it possibly has been oversold a little.

The only nickels id be comfortable hoding are igo, jbm and smy, but as i said, only hold igo.

Cdchi1