I find the fact that MRU, (despite good ongoing daily volumes), has traded over the offer price of $8 for I think, the first time today rather interesting. As you would expect the SP has traded below the offer price due to the lengthy settlement period. Given that shareholders will not see any cash (and then only providing all of the regulatory requirements are met) for another three or four months, does this appetite for stock, limited as it was, above $8 mean that there are those out there who think that the current offer will not get over the line or that there may be a better offer in the wind?
MRU Price at posting:
$7.94 Sentiment: Hold Disclosure: Held
