Well, for me this is one of the few stocks I own that it providing me with steady capital growth plus a solid ROI. I mainly invest in companies that offer high capital growth and most don't have earnings - like Fe and Au explorers and junior producers. Take GIR as an example - an iron explorer with an MC of about 600 M right now and no earnings.
MIN has several profitable and growing revenue streams from mining services. In recent times they acquired Polaris and most of Mesa Minerals and are building a presence in the production of Mn, Fe and Li. Quite a different business mix.
For the record:
"A normalised revenue of 62 million isnt great"
Revenue was 322.5 M with Net Profit (after Tax) of 62.5 M. If MIN keeps growing their revenue, profit and dividend as they have been in the past 2 years, your return on investment and capital growth will be pretty good. I know mine already is.
Cheers
VJB
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Last
$38.02 |
Change
2.900(8.26%) |
Mkt cap ! $7.471B |
Open | High | Low | Value | Volume |
$36.55 | $38.50 | $36.50 | $130.5M | 3.450M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 526 | $38.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$38.16 | 1193 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 526 | 38.010 |
10 | 13693 | 38.000 |
3 | 1069 | 37.950 |
1 | 200 | 37.900 |
1 | 24715 | 37.830 |
Price($) | Vol. | No. |
---|---|---|
38.160 | 1193 | 1 |
38.190 | 1000 | 1 |
38.210 | 1000 | 1 |
38.250 | 99 | 1 |
38.300 | 25 | 1 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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MIN (ASX) Chart |