My thoughts, the shares are under selling pressure when the news is positive. Daily dumping of the share does not allow it reach fairer value, especially when it has now 270 million in the bank and the pressures of a supppressed nickel price have diminished (though PJ still uses the word volatile). I guess, we all would like to see 'fairer' valuations of the share price, my estimates (very rough ones without technical anaylis) would be around 1.20-1.30.... Its a pychological issue more than anything!
MRE Price at posting:
99.5¢ Sentiment: LT Buy Disclosure: Held
