BJ I have to agree with you that you have to gamble as much as you can afford to loose and no more. Regarding MRE I have been following it for years and watching it on a daily basis. Also been following nickel fundamentals for years ( watched it climb to $45000 a tonne to then fall to $10000 ) LME stocks dropped to 3000 tonnes and are now back at their highest ever at 161000 tonnes. Nobody knows where the price of nickel is going tomorrow. Problems and shut down at Murrin-Murrin are part of that long history, and as you said can happen again, and I consider MRE a speculative stock because of all the factors mentined above. Said that I believe MRE is undervalued at the moment, I could be wrong and have been so before, but that is my feeling, based that they have a good cashflow, are unhedged and have no debts. But only time will tell, and as I said in previous post, this one will take some time to recover.
MRE Price at posting:
71.5¢ Sentiment: Hold Disclosure: Held
