MIN mineral resources limited

Ann: Director Resignations, page-41

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    Cat got my tongue? Um no, in fact more information has come out regarding the internal investigation. Turns out senior lawyers inside the business tasked with helping the board committee also jumped ship.

    I am not short this, but these scandals combined with debt and a cyclical business can end badly. The prospects of a capital raise or some kind of asset fire sale are very real. Anchoring to some price level in the past ignores all that has gone on.

 
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