I think the key issue is this is a perfect storm of a nightmare.
U.S tariffs on China steel. Lithium absolutely loss making. The decisions management made to debt up and build Onslow which is great. They would have been factoring in profits from lithium and a strong IO price.
I sold at $20. 40 because I think the shorters have complete control right now and MIN management need to pull a few tricks out because I don't think with a pathetic lithium price and IO potentially slipping to $90 or below that the economics stack up.
I will 100% be buying back in upon a change that may come our way.
MIN Price at posting:
$18.50 Sentiment: Hold Disclosure: Not Held
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