Its down because they released guidance a month ago and now they have downgraded that guidance. Guidance was down so share price is down. They set expectations and then they don't meet them. They need to be more cautious with guidance. That analyst from Jardon said he didn't believe the guidance in the quarterly and he is proved right again. MIN need to be more careful with what they forecast. Way better to under promise and over deliver particularly when balance sheet is a little precarious and the super funds are abandoning you due to governance concerns.
MIN Price at posting:
$22.59 Sentiment: Hold Disclosure: Held
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