I think folks need to understand fundamentally this is getting worse over the next 3 months.
The lithium side will be worse. The average quarter sale price will be much lower than the last quarter average. Onslow will be great but nameplate is a while way.
Options to navigate this high debt, low lithium price saga is selling more quality assets or capital raising. Both are not good.
A realistic price target without getting too greedy would be low 20s. Buying now makes absolutely NO sense. High costs, low Sc grade lithium mines has MIN with egg on its face right now. The company made some very dumb, rushed investments.
I think watching and waiting to pick up the broken pieces is the best option here. Remember spod prices could remain at current levels for another 12 months which places MIN in a very very weak financial position.
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Last
$32.20 |
Change
-2.010(5.88%) |
Mkt cap ! $6.327B |
Open | High | Low | Value | Volume |
$32.91 | $33.92 | $31.10 | $149.7M | 4.618M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 600 | $32.20 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$32.21 | 2748 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 600 | 32.200 |
2 | 701 | 32.120 |
2 | 1246 | 32.100 |
1 | 500 | 32.070 |
1 | 1000 | 32.050 |
Price($) | Vol. | No. |
---|---|---|
32.210 | 2748 | 1 |
32.220 | 300 | 1 |
32.230 | 1841 | 1 |
32.260 | 2715 | 1 |
32.270 | 1333 | 2 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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