I remember the days when FMG was trading at or below its bond debt sparking a similar drop in SP as MC dropped below its bond debt and its debt wa $13B in US bonds with MC $12B
at that time the SP dropped & the BUYZONE appeared
and then it refinanced the bonds and paid down and th SP then boomed up 400%
took 10 years for its SP to pass $7.70 again and it did in 2019 on its way to $28 (now $17)
MIN is on this rebound phase as market and bond holders realise the SP is oversold and going back to market price.
Either the bond holders are wrong or the SP is way way too low here.
TA & FA inc PER ratio indicates the latter is the case.
Bond holders are really ever wrong.
MIN Price at posting:
$26.65 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)