Nickel is now at a 21 month high. When nickel breaks US$11/lb within the next few weeks we'll see some serious buying of MRE. This is the time of year when stocks start to decline and Chinese factories are ramping up after winter and the New Year. Minara is already making more than the management expected, so don't be surprised if a dividend is announced after this half year. With no acquisitions management will be compelled to payout a dividend to long suffering shareholders.
MRE Price at posting:
83.5¢ Sentiment: Buy Disclosure: Held
