MIN mineral resources limited

Ann: Quarterly Activity Report - Q3 FY25, page-16

  1. 8,635 Posts.
    lightbulb Created with Sketch. 2611
    Hmmmm, one of the biggest stories from this report is that Net Debt is actually starting to come down, especially against consensus estimates from what I can see. Most models had close to $5.7 for this, it looks like we are past net debt and moving down. Cash balance moving up.

    Confirmation of no equity raise and a path to deleveraging looks more certain.

    I suspect we get a relief rally today, assuming nothing crazy comes out on the call.
 
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