last chance to buy under 80 cents, page-29

inhalez,


UBS??? who do they think they are?
They talking it down 20% to get a chunck too!


Company Name: Minara Resources Limited
Stock Code: MRE
Website: www.minara.com.au
Market Cap ($M): 1,069
Equiv. Shares (M): 1,168

.....3 Months (%) 6 Months (%) 12 Months (%)
MRE 18.8400 ......33.6500 ....32.6100
Sector 5.3455 ....21.0219 ....7.2513
Market 2.4052 ....9.8168 ..-..1.1546

Fundamentally sound
ROE 5.6 therefore profitable
Price to Book Ratio is $1.24 ( under valued at 90c)
debt to equity is Zero ( could aford 20% more debt )
EPS growth at 2.2% pa ( needs to be 10% plus )

RSI (14) 44.9 MACD set to return to Bullish


Revenue from ordinary activities Up 23% to $233.7m
Profit from ordinary activities after tax Up 1,389% to $39.3m
Profit for the period attributable to owners of the
parent
Up 1,390% to $39.7m

Dividends (distributions)
No dividend is payable in relation to this period

**Note MRE paid a capital return in 2009/2010 to holders
because of strong cash position.

The Financial Statements comply with Australian equivalents to the International Financial
Reporting Standards (A-IFRS)
NTA Backing

Net tangible asset backing per share
30 June 2010 0.78

30 June 2009 0.70

Minara Resources Limited?s principal activity is a 60% shareholding in, and management of, the
Murrin Murrin Nickel/Cobalt Project Joint Venture
Please refer to the commentary included in the Directors? Report for an explanation of results.
This interim

Tueasday 18 Jan 2011
65 buyers for 750,856 units

128 sellers for 1,883,318 units

The management are a bit sleepy at the wheel!
Ahhh but thats how it goes!lol,,