huge miss for me. it's exactly the weak eps, huge gold plated out of control costs result that made me sell a little while ago. the eps for a 65 buck stock is very weak. I'll buy back if the reality of what is actually being produced now sinks in and it's $45 again. The future greatness is all baked into the price right now.
Compare this to WHC which has much higher cash generation results and 40% of the MIN $1 dividend but with a share price under $8.... it's probably going to have EBITDA equal to it's market cap in the next year. That's what I would want from MIN at 65... huge lithium cash pouring in and eps of at least $6.5 for the full year.
The super offices and benefits for employees was a warning sign of this kind of result....
Ann: Full Year Statutory Accounts and Appendix 4E, page-3
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Last
$53.30 |
Change
-0.700(1.30%) |
Mkt cap ! $10.61B | |||
| Open | High | Low | Value | Volume |
| $53.02 | $53.79 | $52.80 | $3.560M | 66.93K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 61 | $53.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $53.33 | 758 | 8 |
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| Last trade - 10.22am 30/07/2024 (20 minute delay) ? |
| MIN (ASX) Chart |