With all due respect, how is MIN ever going to make inroads into their massive debt pile plus the USD prepayment given the current IO, Lithium markets. Their interest costs alone would barely cover earnings less sustainable capex at present.
and we are not talking about a lazy billion or two. Its debt load is currently over $5b. Yes they will get a $1b later this year.
But they also paid $200m to red hill on 1/7, they have restoration costs at yilgara, they are likely cash flow negative at a few of their operations at present and the lower AUD is blowing out the face value of their usd debt denominated in AUD.
If min is currently at $51, then fmg and bhp should both be $200. It’s insane
MIN chart, page-211
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Last
$37.84 |
Change
-0.430(1.12%) |
Mkt cap ! $7.436B | |||
| Open | High | Low | Value | Volume |
| $38.54 | $38.63 | $37.75 | $75.53M | 1.983M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 581 | $37.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.88 | 873 | 1 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| MIN (ASX) Chart |