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$37.25 mineral resources limited

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jctrout

935 Posts.

579

16/09/24

18:11

Post #: 75698048
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Originally posted by jctrout: ↑

If, and I mean if, CE sells assets, you would think the high COP iron mines are to go first if able.
Problem is that there's a lot of IP tied up on that/those sites for crushing and processing and will likely be subject of the offer in discussion.
Not sure MIN will get shareholder approval to offload that IP without a board spill, given it's importance to the services side of the business.
Fair chance something gets sold down - my bet is my old baby (NWE). Perth Basin majority share sold down to cover the loans taken out last year. At least the company will have a fighting chance then.
If not, then there's a lot of stranded assets with iron and lithium if prices don't recover and no gas production to pay for the overheads.
Also, that bond of USD1.25 B will be accruing more interest on offset, once interest rates fall in the USA shortly.
Unfortunately, more to fall before this company gets better...
.

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Picked it like a dirty nose:

MIN Price at posting: $38.27 Sentiment: None Disclosure: Not Held
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2 Great analysis

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(20min delay)
Last $37.25		Change -0.950(2.49%)		Mkt cap ! $7.320B

Open	High	Low	Value	Volume
$38.32	$38.68	$36.91	$97.02M	2.584M

Buyers (Bids)

No.	Vol.	Price($)
1	500	$37.20

Sellers (Offers)

Price($)	Vol.	No.
$37.36	1000	1

View Market Depth

No.	Vol.	Price($)
1	500	37.170
2	6150	37.150
1	727	37.120
1	43	37.110
1	859	37.100

Price($)	Vol.	No.
37.420	30280	1
37.430	608	2
37.460	3593	1
37.490	1000	1
37.500	8789	3

Last trade - 16.10pm 06/11/2024 (20 minute delay)

MIN (ASX) Chart