danbradster & ITS I disagree that there is going to be a dividend anytime soon, MRE did not pay any dividends untill they where making between 250-400 million a year with nickel prices at 30000 and over. MRE is a good company that will turn around when nickel prices stabilize and start to grow, for now the price is made up by speculation and not fundamentals. Stockpiles at LME are incredibly high and as long as that remains, it means that there is a lot more supply than demand. When Nickel was at ist peak stockpiles at LME where around 4000, that equated to one day of production demand. Because of this, the price of nickel could turn oround very quickly if it looses the support of hedge fund speculators. What I am saying is that MRE is a very high risk short term speculation, as far as long term ( 1-2 years ) this will be a winner. Also if you want to take advantage of day trading it ( high risk ) it could be good because it has fairly large movements with good volume.
MRE Price at posting:
72.0¢ Sentiment: Hold Disclosure: Held
