MRE
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0.00% 87.0¢ minara resources limited

xstrata takeover

  1. MrPeaman
    1,111 Posts.
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    11/08/08
    10:30
    Post #: 4095632
    TAKEOVER ON HANDS!!!!

    http://uk.reuters.com/article/oilRpt/idUKSYD10935320080810



    "--The nickel division of Swiss-based diversified miner Xstrata (XTA.L: Quote, Profile, Research) has flagged more acquisitions in the sector as the price of the metal continues to decline. Xstrata Nickel this year bought West Australian (WA) nickel producer Jubilee Mines for A$3.1 billion. "We've seen some almost distressed situations which represent good value," Xstrata chief financial officer Shaun Usmar said last week. Observers suggested Australian nickel miners on Xstrata's radar may include WA-based Minara Resources (MRE.AX: Quote, Profile, Research). Page 17."
    MRE Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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