On the contrary, given where commodity prices and the market closed today Glencore may well be thinking their timing was actually a little off for a change and they could have got away with a lower price if they had of waited a bit longer.
I for one am extremely happy to have cashed in my MRE shares and have most of that sitting in cash in a plummeting market.
With nickel prices dipping below $20,000 tonne today it is easy to imagine MRE SP would have easily been below $0.60c and possibly nudging $0.50c if the Glencore TO hadn't of happened.
Cheers Glencore!
On the contrary, given where commodity prices and the market...
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