MIN mineral resources limited

  1. 1,044 Posts.
    lightbulb Created with Sketch. 292
    That's some good size Srebrna. Well done.

    Also, below is my argument for why nothing in AFR article that i wrote yesterday:

    There was nothing in AFR weekend article, so perfectly relaxed about that and the so called "sprawling ASIC" investigation. I agree with MINs strategy with Kali, and if others don't understand it, that is there problem.

    All Mins has done with Kali purchase is spend $9 m buying a very cheap option over future lithium tenements. Kali was sitting on some of the best prospecive lithium tenements in WA, and close to existing MINs mines, so the efficiencies are obvious.

    If it turns out that Kali have another Wogina or Mt Marion, then they could be worth $ X billion if and when Lithium recovers to say US $2000 per tonne. And now any one who wants to develop any of those Kali tenements HAS TO DEAL with MINs. At the very least you'd expect MINS to get the mining serives contract and say X% of the mine ownership from such a negotiation.

    MINs did the same strategy with gas, and essentially built a may be $2 bn business whilst spending very little.

    And whether MIns spent $9 m buying the option or $1.5 m is basically irrelevant. They just needed to buy it quickly and cheaply.






 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
$20.48
Change
-0.210(1.01%)
Mkt cap ! $4.024B
Open High Low Value Volume
$20.45 $20.89 $19.82 $56.62M 2.762M

Buyers (Bids)

No. Vol. Price($)
2 4000 $20.40
 

Sellers (Offers)

Price($) Vol. No.
$20.55 920 2
View Market Depth
Last trade - 16.15pm 23/06/2025 (20 minute delay) ?
MIN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.