Mineral Resources Limited

ASX:MIN

Mineral Resources Limited

ASX:MIN
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$66.63 (-3.6%)
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#41
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11
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Reports (5) My Report Forum Investors
Forum Topics MIN MIN Quarterly

Pinned straw:
Goldfish
Added 2 months ago

This is a really great report

Upgraded production guidance for basically everything: iron ore, lithium and mining services. Realized pricing strong, particularly for lithium

Debt reduced by $400 million (although around $100m was forex-related)

Costs kept under control, despite cyclones and increased diesel prices

Looking really positive for the rest of the year. Still undervalued IMO

Questions I have:

1. Why are they so cautious with restarting Bald Hill? The lithium price is easily high enough to warrant it. And EV demand just received a massive boost from oil prices.

2. Is there any way to back out of the POSCO deal? Better to keep the lithium assets now surely

[I sold out a while ago on SM, but still hold a decent chunk IRL]
thunderhead
Added 2 months ago

I can safely say that MinRes has mounted one of the most stunning comebacks I have seen in my investing life, both in magnitude (gain off the lows) and duration (barely 12 months) for such a vilified company and management.

I too feel there is more to come.

You have to doff your cap to the architects of the operational turnaround (which includes CE as he is still lurking in the background!).

I am glad I have held what I have through the turmoil, though I sure wish I was bold enough to add while it was still plumbing the depths!

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