I am yet to see someone have a whole conversation by themselves but DuiCorp seems to be quite content doing so.
Out of curiosity, do you hold MRE or just enjoy seeing it fall?
Anything valuable to add regarding the downturn?
MRE is a high-risk play on Nickel, it has an unhedged position on nickel price and currency.
With 145m in the bank and no-debt, MRE is a mid-risk, high-return play on nickel. It has an increasing production profile and with the 50% odd rise in nickel price during the last quarter, we are going to see some upside profit implications being announced in the next quarterly.
Coincidentally this should be release tomorrow! or if not then, very soon (last year it was released 4/7/08)
MRE Price at posting:
68.0¢ Sentiment: Hold Disclosure: Held
