nothing to do with that. I posted recently bout some of the financial challenges of MIN given its extremely high debt load, denominated in USD at a very high weighted int rate of 8.5%.
all that combined with the poor fundamentals of lithium at the moment: EV sales slowing, plenty of supply coming online, Argentina’s brine projects in the works, environmental concerns of lithium, fire in Korea killing over 20, potential substitutes to lithium
the debt position of min as at today (taking into account the $200m instalment payment made 1 july for Onslow) makes the debt being held by say Centro properties as at Dec 2007 look like child’s play
unfortunately timing has been atrocious in terms of expansion and debt load taken on. The P/E ratio using underlying earnings even at Dec 2023 was insane, now come up with an adjective 10x worse.
Good luck
Ann: Application for quotation of securities - MIN, page-4
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$44.81 |
Change
-1.570(3.39%) |
Mkt cap ! $8.805B | |||
| Open | High | Low | Value | Volume |
| $45.75 | $45.90 | $44.75 | $51.40M | 1.141M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 47 | $44.81 |
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| Price($) | Vol. | No. |
|---|---|---|
| $45.00 | 5012 | 3 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| MIN (ASX) Chart |