Wonderful buying in "Auction time" almost 6million shares traded hands.... I wonder which broker was so desparate to fill up their quota.
Two thoughts: My initial gut feel and earlier indications suggest Morgan Stanley accumilating & adding to their holdings. I am pretty confident that we should see a substantial share holding announcement soon
Second thought, could be the rumour of Glencore being interested again in MRE... this theory has come up time and time again. I recall that mid last year the price shot up to $1.38, based on roumours...
Either way I am happy for MRE to keep going higher. Any thoughts/ideas from others?
Cheers Mayo
MRE Price at posting:
84.5¢ Sentiment: LT Buy Disclosure: Held
