"My guess is Glencore will slowly buy upto 90% and then do a compulsory acquition of the rest. I think that ASX allows companies to buy upto 5% of issued capital every 6 months."
MRE market cap $700 mill and no debt.
Why wouldn't they buy all of MRE?
They'll take the $250 million cash that's in the bank than take out a bank loan to make an acquisition and than sell the company for more profit.
Smart business if you ask me
"My guess is Glencore will slowly buy upto 90% and then do a...
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