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Last edited a week ago
PerformanceCommunity EngagementCommunity Endorsement
ranked
#5
Performance (54m)
16.1% pa
Followed by
194
Straws
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#Bull Case
Added 3 months ago

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.

#Business Model/Strategy
stale
Last edited 2 years ago

Crazy Next level on-market buying by a insider after FID on a MIN Iron ore project in which XXX is JV partner with a royalty.

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Will let other strawpeople do the guessing game.... :)

Clue is the share price is now above $4 and bucked the selloff today. And still around $200m market cap mark.

And no straws or followers on stock XXX (actually there is one now after I saw this).

Thinking of taking a position in XXX (not MIN)