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$51.73 mineral resources limited

Thoughts on increasing Iron ore profitability, page-38

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Plucker

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17/06/20

10:45

Post #: 45269938
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Originally posted by rimmer67: ↑

Hi
Employees had a web question and answer session on Friday with Chris for about an hour or so.
You were able to type in a question which all could see and Chris systematically answered them where possible.
A lot of it centred on Covid and the way in which MRL has managed the problem (which has been 1st rate IMO).

Without specifics he said expect some great announcements over the next 2 to 3 months, they are looking at other commodities, however IO will still be the main product for generating $
The berth at Hedland will be executed.
There was a mention of logistics/transport (which I was reading as possibly shipping own product) ??
Permanent sites will have a greater focus on energy improvements ( solar etc)
BOSS rail project has had a few dramas, but still very serious about this.
Wodgina some time off from a potential restart (2-3 years min)
The Rio issue recently re: Heritage sites is a big focus, DO NOT want to go there.

Big focus on retaining staff and improving quality of working conditions.

Looking good for the future. IMO

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Thanks Rimmer. Good update. MIN my biggest holding.

MIN Price at posting: $20.08 Sentiment: Buy Disclosure: Held
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Last $51.73		Change -0.810(1.54%)		Mkt cap ! $10.16B

Open	High	Low	Value	Volume
$52.60	$52.90	$51.22	$90.38M	1.746M

Buyers (Bids)

No.	Vol.	Price($)
1	193	$51.70

Sellers (Offers)

Price($)	Vol.	No.
$51.80	700	1

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No.	Vol.	Price($)
1	193	51.700
1	1912	51.680
2	1058	51.600
1	13	51.480
1	500	51.370

Price($)	Vol.	No.
51.800	700	1
51.960	7276	1
52.000	3319	8
52.110	7276	1
52.160	97	1

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