21/11/2024 09:52

Mineral Resources (MIN) $34.71

MIN has struggled through much of 2024 due to its exposure to iron ore and lithium. Both commodities have been under pressure recently, and miners in the respective sectors have endured a tough year-to-date.

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15/11/2024 09:57

Mineral Resources (MIN) $35.31

MIN needs no introduction after Chris Ellison's escapades, but having throttled our position, we must decide what to do now – we have given it plenty of room!

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13/11/2024 16:56

Mineral Resources (MIN) $34.95

MIN -7.2%: Fell today (again) on news they’ll put their Bald Hill lithium operation onto care and maintenance given spodumene is trading at

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05/11/2024 09:28

Mineral Resources (MIN) $36.70

Mineral Resources (MIN) has been the worst casualty of the ASX’s “Billionaires Behaving Badly” chapter. The demise of Chris Ellison has been much documented over recent days, with yesterday's announcements from MIN disappointing most participants.

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31/10/2024 17:06

Mineral Resources $39.40

MIN +9.2% exploded out of the gates this morning, up as much as 18% before simmering on the close. The lithium and iron ore miner released quarterly production numbers that were okay, but more importantly, a $1.1bn transaction with Gina Rinehart led Hancock Mining.

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24/10/2024 09:50

Mineral Resources Ltd (MIN) $35.99

MIN has been in the “wrong place, at the wrong time” over the last few years as the price of iron ore and lithium fell away, not helped by China’s property crisis. The stock has even become a vehicle of choice to fade these two commodities. As of a week ago, before the release of Chris Ellison’s tax evasion scandal almost 12% of the stock was held short – they will be happy today.

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21/10/2024 16:37

Mineral Resources (MIN) $39.55

MIN -13.76%: Another tough session for Min Res today as the AFR broke a story over the weekend on historical tax matters involving MD Chris Ellison. While at this stage, there is no impact to MIN given the claims have been settled many years ago, it does cast a shadow over Ellison’s judgement.

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01/10/2024 09:23

Mineral Resources (MIN) $52.04

MIN has surged more than 50% in less than 10- days, and a rest feels both overdue and well deserved. However, we must remain conscious that over 12% or 24.5m shares of MIN were held short this time last week, and much of this huge position will be hoping for some respite in the coming weeks, i.e. it hasn’t all been covered.

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11/09/2024 17:19

Mineral Resources (MIN) $35.12

MIN +15.95%: Rallied strongly today, initially on news that the FIRB has approved the 49% sale  of the Onslow Iron haul road which will give them $1.1bn cash in the next 15 days, plus some residual performance related payments, taking some pressure off the balance sheet.

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05/09/2024 09:41

Mineral Resources Ltd (MIN) $34.21

MIN has been hit hard in 2024, racing FMG to the bottom. In the case of MIN, it carries Fe and lithium (Li) exposure, both out of favour. MIN offers high operational and financial leverage to Fe and Li when arguably the opposite is required. The FY24 result and FY25 guidance reiterated this, and the challenges for Chris Ellison remain – we’re a fan of the no-mess CEO, and the structure of the MIN business (including mining services), but net debt over $4bn at the wrong time does concern us.

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