I hope you are right. Was holding until $32 and got edgy because I felt it was too heavily focused on iron ore.
Clearly I got it wrong, and I’m not brave enough to buy in until it drops back …… to maybe $38 - $40 ( it might never again).
Chris Ellison is unbelievably talented and clearly has amazing foresight . MIN is in great hands.
Mining services are great but may also tumble when commodity market comes off .
Lithium will be a long term savior I am sure .
I hold a large parcel in PLS from early days (happy chappy)
So I firmly believe in the lithium revolution.
I have seen the lows of iron ore prices before , and they have fallen much lower than MIN’s avg COP ( correct me if I’m wrong
……. Around $85.00 per tonne) . FMG has a much bigger margin and can stay profitable for much longer.
I am desperate to buy back in to MIN the long term prospects are very very promising . My only exposure to MIN currently is through ETF’s ….. so only minimal .
Min and Lithium, page-4
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Last
$71.87 |
Change
0.210(0.29%) |
Mkt cap ! $14.08B | |||
| Open | High | Low | Value | Volume |
| $72.18 | $72.86 | $71.87 | $25.83M | 357.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 173 | $71.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $72.18 | 104 | 1 |
View Market Depth
| Last trade - 16.10pm 03/06/2024 (20 minute delay) ? |
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Last
$72.14 |
Change
0.210 ( 1.05 %) |
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| Open | High | Low | Volume | ||
| $72.18 | $72.85 | $71.95 | 25600 | ||
| Last updated 15.59pm 03/06/2024 ? | |||||
| MIN (ASX) Chart |