they are higher cost, low grade and high discount (20% according to quarterly report)! Onslow will be squeezed out before FMG, BHP, RIO, Vale, Anglo (Minas Rio and Kumba)
Yilgara is bleeding and Pilbara is cash flow negative accounting for freight, royalties, discount, moisture and sustaining capex
Dalian closed horribly in Fri night trade.
Pilbara will be squeezed out very soon similarly to yilgara. Meanwhile their lithium ops are all operating at a considerable loss.
reits with better leverage, which were cashflow positive underwent dilutive cap raisings that destroyed shareholder wealth by 95% During GFC. Min is in much more horrible predicament.
The debt, IO prepayment and rehabilitation provision is out of control.
True value around $15-$18, page-38
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Last
$30.65 |
Change
-1.550(4.81%) |
Mkt cap ! $6.023B | |||
| Open | High | Low | Value | Volume |
| $32.50 | $32.90 | $30.17 | $96.53M | 3.088M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4976 | $30.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $30.67 | 11335 | 2 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| MIN (ASX) Chart |