Me too - I think the CEO missed timed i/o and lithium.
He should NOT have bought the i/o mines (cheap or not) - he should have bought small lithium miners back then - like LKE, LTR, AGY,ARU and others.
He should have re-started the lithium mines earlier and move his workforce to lithium and put i/o mines into care model.
Vale has already announced it will reduce its i/o output.
So unfair that MIN is seen as i/o mine only.
Its lithium mine is bigger than PLS by output.
I am doomed with this one - will be holding it for a least 5 yrs - hopefully can breakeven.
I bought it - as it had the 5th largest lithium mine (pls check) and its output can easily exceed PLS - but the market does not see it in that light.
Ann: Notice of initial substantial holder from MFG, page-13
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Last
$39.51 |
Change
-0.640(1.59%) |
Mkt cap ! $7.764B | |||
| Open | High | Low | Value | Volume |
| $39.67 | $40.87 | $39.51 | $101.8M | 2.536M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1158 | $39.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.56 | 869 | 1 |
View Market Depth
| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| MIN (ASX) Chart |