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
- Forums
- ASX - By Stock
- what ///////////////
Problem with MRE is that its always had the gremlins of...
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MRE (ASX) to my watchlist
(20min delay)
|
|||||
Last
87.0¢ |
Change
0.000(0.00%) |
Mkt cap ! n/a |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
The Watchlist
EL8
ELEVATE URANIUM LTD
Murray Hill, MD & CEO
Murray Hill
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online