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$71.14 mineral resources limited

Down by 5% today? Why?, page-16

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Phantom77

2,048 Posts.

290

03/08/21

11:52

Post #: 54988500
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Originally posted by abz D: ↑

He only risked 200m, because he ll only pay the next $200m if and when production starts... and if production does start at some point our interest would be worth MANY MANY billions of dollars at the time... Imagine 420m tonnes of iron ore

so people will look back on this deal and think how the hell did we get 60-70billiom dollars worth of iron ore for $400m..... Crazy isn't it. But that's CE

And I would prefer more iron ore than lithium. We have plenty of lithium. We have services. Iron ore is the lowest risk commodity with relative certainty about demand and use for 100s of years to come

think about that

CE YOU GENIUS

DYOR

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I was about to ask the same question - I understand your explanation

So the sp is still falling - is this due to big players trying to shake out the weak hands before sp goes back up next week (as mentioned by another HC member)

MIN Price at posting: $59.68 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $71.14		Change 0.940(1.34%)		Mkt cap ! $13.93B

Open	High	Low	Value	Volume
$70.97	$71.54	$70.50	$60.53M	852.4K

Buyers (Bids)

No.	Vol.	Price($)
1	140	$71.00

Sellers (Offers)

Price($)	Vol.	No.
$71.14	146	1

View Market Depth

No.	Vol.	Price($)
1	140	71.000
1	50	70.890
1	50	70.840
2	372	70.790
1	350	70.760

Price($)	Vol.	No.
71.140	146	1
71.150	1500	1
71.190	100	1
71.220	1986	1
71.240	322	1

Last trade - 16.10pm 29/04/2024 (20 minute delay)


Last $70.82			Change 0.940 ( 1.22 %)
Open	High		Low	Volume
$71.00	$71.50		$70.50	48100
Last updated 15.59pm 29/04/2024 ?

MIN (ASX) Chart