Depends on the timeline. Shorts are focussed on the immediate future where there's low lithium prices, world geopolitical crisis, etc ... take a midterm to longer view and it's easy to rationale MIN being double its profits today.
The best thing is to watch one of the results presentations where Chris clearly outlines the strategy, the future investments in iron ore, lithium, services and energy and form your own view.
I've held for 8 years or so and am not worried by any short term price decrease except to maybe buy more. In five years time I expect this to be making me smile even more.
Target $92.92 Morningstar Quantative Undervalued, page-3
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Last
$71.66 |
Change
0.150(0.21%) |
Mkt cap ! $14.04B | |||
| Open | High | Low | Value | Volume |
| $72.35 | $72.35 | $70.28 | $142.0M | 1.984M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 21864 | $71.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $71.69 | 1681 | 1 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$71.47 |
Change
0.150 ( 0.31 %) |
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| Open | High | Low | Volume | ||
| $72.12 | $72.12 | $70.29 | 807690 | ||
| Last updated 15.59pm 31/05/2024 ? | |||||
| MIN (ASX) Chart |