MRE is in very good health, it has 21c per share cash reading from Etrade, and a mine that is operating on a profit, which will keep bringing in more cash as I see it mre is very undervalued and it wouldn't be a surprise to see fund managers starting to buy in at these levels, markets in america have been holding ground over the past couple of days and should soon start to rise. I watched the trading today there were heaps of trades going through at less then 500 shares this could be manipulation to drag down sp to around 65.5c but there was a quick recovery this afternoon suggesting that the sp may be on a recovery lets see what happens.
MRE Price at posting:
70.5¢ Sentiment: ST Buy Disclosure: Held
