MIN makes most of their income by selling iron ore as they are mostly a mining company. Understanding how much iron ore is being shipped, helps understand how much money they are generating, which helps understand how quickly they can reduce the debt. or not. Especially during ramp up to gauge whether they are on track or not. Weird concept I know. Or you can wait until the yearly finical results come out, wait for the analyst's to provide their recommendations on the companies viability and then make an informed decision. If Min is not shipping this week, then I am most certain that when those results come out they will not be good. You are most welcome to not read these shipping updates and not be informed as to what they are generating today. Then wait for the analysts to tell you what to do.
MIN Price at posting:
$23.71 Sentiment: None Disclosure: Held
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