'I bought MRE back in about July of 2010, at 74c prior to the capital return, and the SP is almost back to that now... it's just hard to know why- even with the very red day on the Ords- it just seems overdone. Hopefully a new MD will sort the SP."
Could it be manipulation?
Glencore are THE largest commodities trading house in the world. MRE is a drop in the ocean to someone like Glencore. Glencore are big enough to manipulate it which ever way they choose.
Sound too simplistic?
MRE Price at posting:
77.0¢ Sentiment: Buy Disclosure: Held