2022 General News etc, page-87

Hi everyone…
The Mineral Resources H1’22 report was published this morning and the negative forecasts from Goldman Sachs in my post a couple of days back came true. Price dropped about 10%.
Market Cap at $9.8b now less than lithium solo PLS (MC $9.9b).
“MinRes said the gains were offset by a 60 per cent spike in production costs, including higher royalties inline with better prices and “substantially higher” shipping and haulage costs.” [link]
… and no dividend to keep the big ones over there loyal.
(Not that they are anyway.)

Is MND - the other subject to that story even now quaking in its’ price boots?
It is down today -  but by less than 1%.

And here at the beloved company?
Trade ticking along in low gear with volume currently around 400,000 for a vwap of about $1.69.

Results tomorrow week ie five trading days from now .

My ‘big thinks’ of the day are that:

1) — as we don’t pay royalties or have haulage imperatives any cost hits are likely to be ‘just’ labour based.(???)

2) — NRW unlikely to cut dividend as the decision to set one was only made last year (“dividend payout ratio of between 40% to 60% of Normalised Net Earnings [ref]) but it might be low?

3) — When is the best strategic time to confirm the Curragh contract? Before or after the results?

4) — I approve of the price being worked up at present I would like it to go higher (so as to create ‘fat’ to take a fall next week or a springboard from which to bounce higher).

All comments welcome

cheers