Chart fest from Morgan Stanley:

[held]

Massive pullback of the share price this week from the unfortunate news of the Yilgarn Hub closure

I know a month ago I mentioned about hoping for a pullback, but not in this sort of situation. Hopefully those workers get redeployed on other work.

Tempted to dip my toe in here but instead I will do some research...

In the last JPM report (June 24), I found a few extracts about Yilgarn that looked interesting

Yilgarn last quarter produced 2.1mt.

I guess Onslow will produce 10mt in next quarter so that makes up for the shortfall.

And below is the JPM valuation of Yilgarn which is only a few cents compared to Onslow.

So the share price fall of (7%) appears to be a big overreaction. However the market is probably factoring in all the costs associated with site decommissioning and rehab at Yilgarn.

Of course former dog and possibly the Neuren equivalent of Iron Ore RHI has hardly reacted with the 200m milestone payment now a certainty

[holding RHI, thinking about MIN]

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.

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.

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)