MIN mineral resources limited

0.84%

$23.90

Well done traders going long, I'm surprised by the recovery, i...

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07/06/25

13:09

Post #: 79356055
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Originally posted by tomboy: ↑

well another higher long green candle close
closed as a green candle with 60c green body 51c tail and 35c neck

KUDOS to BD & TB, we are the ONLY ones who picked this today on here.

the 3-4 short attacks all failed miserably as expected
closed in GREEN and again TA is still rising as a result

MACD now -0.20 from -0.40, accelerating faster toward 0.00 due to 3 higher closes in a row
RSI now UP 55.60 from 53.93 up +1.63 but slowing not as much as prior day move +11.00 from 42.40 - 53.93
3 higher closes forms another rising bullish wedge pattern and reconnected to that 23-24 ledge yet again where it hung around 6 days in May.

positive TA bodes well for tuesday but it can turn fast as shorts are angry & bitter now
Tuesday will be a telling day
SHORTS will want a bearish lower red candle to create a bearish evening star pattern
BULLS will want a break of 2400 and continuation of the bull run toward 25 targeting the 100DMA now at 25.18 (down from 27.20 12 days ago)

my call today of a green arvo candle and hit of 2400 was SPOT ON
I sold my day trade parcel at 2400 today from open so GREEN again.

I watch the TA & market moves closely as most days they seem illogical & irrational with robots running things up and down in minutes ignoring the TA like today it ignored the TA in morning going down (DONT KNOW WHY?) then moved very fast up 80c in 25 minutes ~300pm est (OVERSHOOT) to break daily highs then leaving a 35c neck from nowhere

Medium term I think MIN should be at 25-35 and long term a retrace to 53 but who knows when and how that will happen, will need a few good QR results, IOP over 100, solid margins and debt reductions to get it there again imho

Unlike FMG BHP RIO, the MIN BOD are "focused on their core business"

BHPs failed OZL $12B cash splash in the desert was a total disaster as was there burning $4B on nickelwest upgrades only to mothball them NUTS
AFs $1.3B cash splash on Noront & MCR while piling out of POS for 5c (now HRZ) then going to hawaii & davos on day junkets in his $90M new jet have been a disaster also
RIO burning $50B cash on african waterfalls where the CEO albanese was sacked was another doozy

MIN I have also criticized for their failed bids for AGO (Gina got it over MIN and made a 70 b@gger on it) & POS LJ project (Li Ni MILL/MINES) where they pulled out for a pathetically low $15M (worth $1B imho). While shorts can criticize the debt, director musical chairs, CE ethics and haul road mumbo jumbo, its all fallen on deaf ears as the colour of money is green and it doesnt care about your feelings, hopes or wealth at all.

I remain BULLISH yet cautious as shorts seem ever present here.

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Well done traders going long, I'm surprised by the recovery, i think a few with deep pockets are supporting the company.

I'll only get interested again if we get a much cheaper price, and depending on circumstances if it falls much lower.

Those who predicted the rise have done well, if was thinking the downside would continue.

be careful, C E has wealthy friends who can support the stock price.

MIN Price at posting: $23.71 Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last $23.90		Change 0.200(0.84%)		Mkt cap ! $4.696B

Open	High	Low	Value	Volume
$24.10	$24.47	$22.76	$80.81M	3.398M

Buyers (Bids)

No.	Vol.	Price($)
1	7660	$23.88

Sellers (Offers)

Price($)	Vol.	No.
$23.92	5177	2

View Market Depth

No.	Vol.	Price($)
1	986	23.750
2	368	23.700
1	3024	23.650
1	40	23.500
1	426	23.460

Price($)	Vol.	No.
24.000	800	1
24.290	1750	1
24.390	2100	1
24.450	3270	1
24.480	380	1

Last trade - 16.10pm 13/06/2025 (20 minute delay)

MIN (ASX) Chart

Well done traders going long, I'm surprised by the recovery, i...

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