I hear lots of bear cases and chartists calling MIN overvalued due to possible balance sheet pressure especially in regards to the Ashburton hub.
However it appears MIN is addressing this with divestments of non core assets (including their sale of DVP and AZS shares). Definitely got lots of options on the table to relieve the balance sheet.
I don't know but I think I can only see upside from here.
Pity I missed buying the dip around $52 back in February..Should have just gone a bit generous on my order.
On another note I got blocked by some guy on Twitter when they were calling $60 and I said it is now $70. Some people are too sensitive...
But I wouldn't mind seeing a pullback which may never happen now.