Ya joking right? It's going to get pounded. The question is, at what price is there value again?
I'm interested, but clearly MIN needs a pretty high IO price to maintain its current operations. MIN extremely leveraged to IO price, and my confidence that it stays at these elevated levels is not that high. China will likely continue to play games, so what's the long term average price going to be? I'm in the over $100 camp, but clearly that isn't enough for MIN unless they can find some significant cost savings. Labor isn't getting cheaper.
This is why FMG is a more desirable prospect IMO.
Ann: FY22 Half Year Investor Presentation, page-9
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Last
$44.81 |
Change
-1.570(3.39%) |
Mkt cap ! $8.805B | |||
| Open | High | Low | Value | Volume |
| $45.75 | $45.90 | $44.75 | $51.40M | 1.141M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 47 | $44.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $45.00 | 5012 | 3 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| MIN (ASX) Chart |