MIN 7.63% $47.32 mineral resources limited

MIN chart, page-198

  1. 5,817 Posts.
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    the issue is unless they sell more assets ie the other 51% of the road as an example, they are barely going to make inroads into the significant debt load. The collapse in lithium and IO prices couldn’t have come at a worse time.

    They also have pretty high sustaining capex costs too which don’t get factored into the FOB or EBITDA figures. And with little inroads into debt, high interest costs will need to be prioritised over any potential dividends.
 
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