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1.86%

$75.30 mineral resources limited

You are very patient if you are prepared to wait up to 5 years...

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MrKeb

823 Posts.

208

19/01/24

14:05

Post #: 71964624
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Originally posted by hazza25: ↑

No question that the current price is a little concerning b/c P/E is around the 57X ! ....try and find another major miner with that sort of multiple. I do not think you will. I have been looking. So this alone is a risk. Any miss in production, profit, or otherwise may cause significant price reaction.
On the other hand MIN has several bows. Mining services, Iron Ore , Energy, Lithium.
Hugely volatile though. Probably b/c of high P/E multiple .
If one can get your entry cost down it is a gold mine for covered call writing. Can generally get 4% per month if fortunate.
The key is your base cost.
I write calls on some and keep a small amount unencumbered for that eventual $100.00 price.....2,3,4,5 years away???

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You are very patient if you are prepared to wait up to 5 years for a 40% increase in SP.

MIN Price at posting: $58.68 Sentiment: None Disclosure: Not Held
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(20min delay)
Last $75.30		Change -1.430(1.86%)		Mkt cap ! $14.75B

Open	High	Low	Value	Volume
$75.77	$75.88	$74.53	$54.67M	726.7K

Buyers (Bids)

No.	Vol.	Price($)
2	1982	$75.29

Sellers (Offers)

Price($)	Vol.	No.
$75.32	215	1

View Market Depth

No.	Vol.	Price($)
1	150	75.160
1	280	75.050
1	7	74.900
1	54	74.850
1	234	74.780

Price($)	Vol.	No.
75.770	50	1
75.800	150	1
75.880	790	1
75.890	300	1
75.980	150	1

Last trade - 16.10pm 24/05/2024 (20 minute delay)


Last $75.15			Change -1.430 ( 1.86 %)
Open	High		Low	Volume
$75.44	$75.83		$74.53	42574
Last updated 15.59pm 24/05/2024 ?

MIN (ASX) Chart