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
$53.67 |
Change
1.800(3.47%) |
Mkt cap ! $10.54B | |||
| Open | High | Low | Value | Volume |
| $53.10 | $55.40 | $53.10 | $76.98M | 1.419M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 713 | $53.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $53.75 | 523 | 3 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| MIN (ASX) Chart |