Think that MIN actually doesn’t want STX but wants to make money on it. They accumulate an interest of under 5% and then it gets increased so they need to disclose to market, this brings in other suitors who raise the price and MIN eventually sells out its interests for a handsome profit.
MIN has mining services, iron ore and lithium, which the lithium market is going to have an oversupply until 2028 based on recent reports. The recent profit performances have been driven by higher lithium prices, which have declined significantly from their peak.
If you were a NWE shareholder, CE was touting with his company share price when it was approx $96- and now it is the mid 60’s. Thankfully I sold on market (equivalent of MIN SP $84-) and don’t regret that decision at all.
Don’t trust him at all.
Think that MIN actually doesn’t want STX but wants to make money...
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Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $616.0M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.5¢ | 21.0¢ | $4.542M | 20.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 343465 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 563407 | 9 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| STX (ASX) Chart |