The 2 fully operational IO mines could not be profitable at present. Wodinga once you include freight and royalties would be barely ebitda positive.
the debt position is horrendous. There is no other way of describing it. The interest bill alone would be higher than the underlying npat figure for hy2023 and the macro environment has deteriorated since then. The P/E ratio would make tech stocks in Mar 2020 look cheap.
then you have the decreasing AUD which is increasing the face value of the usd debt denominated in AUD.
good luck to holders
MIN chart, page-196
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Last
$36.95 |
Change
-1.520(3.95%) |
Mkt cap ! $7.261B | |||
| Open | High | Low | Value | Volume |
| $37.45 | $37.77 | $36.95 | $66.20M | 1.773M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 34350 | $36.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.16 | 2000 | 1 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| MIN (ASX) Chart |