The gold plating of the offices, accommodation, and the weird and wonderful mining equipment that's unique to MIN might be putting many investors off, as it all looks like empire building or things that will chew up eps for years, rather than lean and mean profit generation to justify $100 share price. It's late stage stay state corporate activity. I'm very surprised it isn't back at $40 or even $30. If iron ore collapses on top of lithium, it may get back there.
Full disclosure, not short but I sold out just above $20 so I guess i have much higher expectations of min than most of the buy and forget holders who see value at any price it seems.
$100, page-4
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Last
$55.92 |
Change
1.160(2.12%) |
Mkt cap ! $10.95B | |||
| Open | High | Low | Value | Volume |
| $55.25 | $55.92 | $55.14 | $53.91M | 969.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 349 | $55.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $55.94 | 988 | 1 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| MIN (ASX) Chart |