The time to buy is always the time that people can rattle off the risks easily. That’s when you get a juicy risk premium. Everything being said here is obvious and everybody knows it.
The only question to answer is can the company pay down the debt from cash flow from the project it funded, as it has said it was going too and still is. Personally I think they absolutely will.
Many of the great capital allocators use debt to grow, and so does this such example. If you cant handle debt funded growth this isn’t the company for you so just move on.
I guarantee if you try to over analyse everything you will just make a mistake somewhere. Either you trust management or you don’t.
MIN chart, page-199
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Last
$49.32 |
Change
-1.915(3.74%) |
Mkt cap ! $9.678B | |||
| Open | High | Low | Value | Volume |
| $49.80 | $49.82 | $48.37 | $24.59M | 499.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 97 | $49.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $49.34 | 88 | 5 |
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| Last trade - 10.48am 09/10/2024 (20 minute delay) ? |
| MIN (ASX) Chart |