Byron I would be wary of MRE on the margin mate. I hold RIO fully paids in my smsf. They are up 17% in 10 weeks. My point is add some gearing to that on the margin and you have a very worthwhile trade. Im not trying to be a smarty but why bother with the risk commesurate with Minara-"Maggot Maggot" when the heavyweights are rising on the tide. Is your strategy too oblique?
A learnt a lesson 10 years ago chasing dreadfull gold plays around. I would have been better off simply parking my dosh up in Newcrest and leaving it there. Its not very sexy.......maybe its a bit dumbed down but on the Margin a simple trade could be the answer you are looking for.
Dont worry about cappers(blah blah blah) etc...thats just code for "I lost". Now get back up on that horse and Trade "like youve never traded before"
MRE Price at posting:
77.5¢ Sentiment: None Disclosure: Not Held
