IMO the Glencore purchasing recently is a good reason to buy...

IMO the Glencore purchasing recently is a good reason to buy MRE. Assuming they will go for a takeover, there's no reason to sell before they announce one. So the SP should go up.

Plus the nickel price and AUD/USD are moving quite favorably for MRE at the moment. Even nickel warehouse levels are falling consistently.

I was considering selling MRE since my ex-CGT date had passed and I have some other great opportunities available, but this Glencore move has convinced me to buy more rather than sell.

Now I'll be waiting for a dividend and a Glencore takeover announcement. Or a takeover announcement from MRE perhaps, with their $200m+ cash at bank.