If you look at this announcement i think it is a clasic example of how Min Res innovates to outperform.
If the miners are happy, it will cause much less turnover, higher productivity, better mental and phyical health, and more innovation which is good for the business.
So having a high quality mining camp wheere the workers are happy is good for the miners, but also good for shareholders and the business.
The resort looks excellent to me: a 50 m pool, tennis court, cricket nets, full gym, mini golf, games arcade rooms, high quality food, rooms 3 X the size of normal with full internet and TV facilities.
A classic example of investing for the long term: you spend $100 m more on the facility, but are setting it up for 25 years with a stable and happy workforce.
https://www.mineralresources.com.au/news/mungala-resort-unveiled-at-onslow-iron/
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mineral resources limited
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Last
$38.43 |
Change
-0.650(1.66%) |
Mkt cap ! $7.552B |
Open | High | Low | Value | Volume |
$38.92 | $39.08 | $37.66 | $63.93M | 1.670M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 91 | $38.33 |
Sellers (Offers)
Price($) | Vol. | No. |
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$38.43 | 1482 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 100 | 38.220 |
1 | 400 | 38.140 |
3 | 870 | 38.100 |
1 | 130 | 38.080 |
2 | 592 | 38.050 |
Price($) | Vol. | No. |
---|---|---|
38.450 | 2571 | 2 |
38.480 | 300 | 2 |
38.500 | 1000 | 1 |
38.520 | 200 | 1 |
38.650 | 1800 | 2 |
Last trade - 16.10pm 17/09/2025 (20 minute delay) ? |
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