Mr. Market does not believe this and is continuing to price accordingly. How do those profits and cash flows stack up against the debt mountain? The only factors to monitor are the price of spod and the discount Min Res get paid to Platts 62% as their iron ore is inferior to 62% so they get a haircut on the 62% price. By the way the haircut on the 62% price gets much more significant when the market is in a downturn and supply exceeds demand. So unfortunately in a downturn everything compounds against you if you have borrowed up to your eyeballs.
Mr. Market does not believe this and is continuing to price...
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Last
$36.84 |
Change
-0.110(0.30%) |
Mkt cap ! $7.214B | |||
| Open | High | Low | Value | Volume |
| $36.60 | $37.10 | $36.57 | $14.47M | 393.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11 | $36.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $36.87 | 542 | 7 |
View Market Depth
| Last trade - 11.00am 12/11/2024 (20 minute delay) ? |
| MIN (ASX) Chart |