05/04/2022 16:56

Mineral Resources (MIN) $59.67

MIN +5.69%: following the surge in demand for lithium, Mineral Resources has announced it will accelerate its growth plans for both the Wodgina and Mt Marion assets. At Wodgina, they’re expecting first production from Train 1 to hit in May, and has now accelerated the resumption of production at Train 2 for first production in July. They also flagged the potential for 2 more trains if the lithium market continues...

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01/04/2022 09:29

Mineral Resources Ltd (MIN) $52.71

MIN is historically the more volatile of today’s 4 which is understandable as it has a major lithium / nickel component and a higher cost of production for iron ore, a  bounce feels very likely and while we have considered the stock a few times in 2022 at this stage of the cycle we prefer to stay with the bigger names in the sector.  

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17/11/2021 09:35

Mineral Resources (MIN) $40.89

MIN is not a new company to the MM report, we’ve been monitoring it since it started falling aggressively in August and while we didn’t anticipate a more than 40% plunge we remind ourselves of the old adage - “with panic comes opportunity”. MM likes the business from a few simple perspectives:

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11/11/2021 09:36

Mineral Resources (MIN) $37.05

MM has been discussing Chris Ellison’s MIN for a number of weeks liking this lithium and iron ore miner into weakness which we’ve certainly got now! Similar to FMG after remaining patient through October and early November we now feel MIN  looks well positioned to initially rally 20%.

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03/11/2021 09:19

Flagship Growth Portfolio

This MM portfolio fell 3.6% last week while cash sits at ~4%. We enjoyed a strong performance from CSL Ltd (CSL) but our high beta and resources positions struggled in particular a2 Milk (A2M), Zip (Z1P), IGO Ltd (IGO), Whitehaven Coal (WHC) and BHP Group (BHP).

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27/10/2021 09:24

Flagship Growth Portfolio

This MM portfolio slipped 0.40% last week, our main winners were Crown (CWN) +11% and Altium (ALU) +6.4% while the standout detractors were Whitehaven Coal (WHC) -17% and Alumina (AWC) -7.6% - it felt much better but alas it couldn’t match last week’s stellar performance. Cash sits at 4%.

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07/09/2021 09:26

Mineral Resources (MIN)

MIN has underperformed PLS over recent months which is no surprise considering the plunge in iron ore, the primary component of the company’s current revenue flow. We believe the sale of PLS is logical for this $10bn company but as the iron ore outlook clouds an extension of its 24% pullback wouldn’t surprise i.e. we like the idea of slowly accumulating...

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11/08/2021 10:18

Mineral Resources (MIN) $60.30

FY21 Result: A huge full year result expected here from MIN with revenue up 80% to $3.8bn, EBITDA of $2.03b & NPAT of $1.2bn. They’re just out with numbers and it’s a slight miss at the revenue and EBITDA lines printing $3.7bn & $1.9bn respectively.  

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11/08/2021 09:29

Reporting Today (CBA, CPU, IAG, MIN, MFG)

Reporting Calendar: Download here Companies reporting today on MM’s radar include: Commonwealth Bank (CBA) FY21 result – A very strong result today from CBA which we cover in details in the Income Portfolio Section of todays note

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25/06/2021 09:32

Mineral Resources (MIN) $50.30

MIN is an iron ore and lithium mining giant with a current market cap of $9.5bn.

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