MIN 2.12% $52.05 mineral resources limited

Price Target Cut 29% by UBS

  1. HSP
    5,051 Posts.
    lightbulb Created with Sketch. 82
    Bearish price is the sector problems, it is not MIN fault. MIN directly involves iron ore mining, owns the iron ore resources. not just service
    UBS cut TP by 29%
    It is too early to buy
    EPS down too much, only half pcp
    the management is always telling bullish stories, but SP is creating new low within few weeks, new low......
    do not know where is the bottom yet
    I am waiting to see no more new low for 2 months, then buy
 
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