The approach to-date has been to take positions in strategic mineral plays where CE sees long term strategic value. MIN holds significant shareholdings in GL1and DVP for example. In GL1 MIN has increased its exposure in Lithium and when GL1 develops the resources they have, MIN's service companies will service the mine, and Min's downstream Lithium capabilities will also be likely used.
In DVP, MIN have exposure to precious metals (copper), and again will assist in serving the mines as they are developed.
MIN have also been involved in disposals to their advantage. They disposed of approx half of some of their key Lithium resources in exchange for a relationship with one of the world's largest Lithium suppliers. In this way they fast tracked their Lithium expertise, helped finance the start up of the process, and developed relationships with key players in the space.
I would recommend you listening to Chris Ellison presentation at AGM to develop more of an understanding of their strategic direction.
The approach to-date has been to take positions in strategic...
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Last
$74.28 |
Change
-0.710(0.95%) |
Mkt cap ! $14.51B | |||
| Open | High | Low | Value | Volume |
| $74.10 | $75.19 | $73.71 | $29.34M | 394.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 69 | $74.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $74.29 | 28 | 2 |
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| Last trade - 15.22pm 29/05/2024 (20 minute delay) ? |
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Last
$74.19 |
Change
-0.710 ( 1.10 %) |
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| Open | High | Low | Volume | ||
| $74.17 | $75.19 | $73.72 | 35519 | ||
| Last updated 15.40pm 29/05/2024 ? | |||||
| MIN (ASX) Chart |