MIN 4.46% $43.13 mineral resources limited

Big close - July 18

  1. 66 Posts.
    Any thoughts on the 5% lift at high volume on close today. I know the quarterly was solid, positive even, but to see $38m+ at close and the jump in the price raises an eyebrow. Thoughts? I like MIN for the crushing business, and the yield, but the iron ore production business and in particular the cost levels make me a little nervous, especially given poor disclosure in the mining division.

    Surely people aren't that excited about Lithium that the RDR exposure is the reason for this?\ price lift?
 
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