MIN –3.94%: Another wild session for Min Res down 12% early before recovering 2/3rds of the decline. The issue today was a sixth jumbo road train crash on the 17th March (reported today) with a truck losing its 2 back trailers and spilling Ore. Trucking on the Onslow Haul Road was paused as WA Roads investigate, but there is no change to guidance at this stage, with trucks using alternate routes.
Another incremental negative for MIN when momentum was starting to build following several broker upgrades, the latest of which came from UBS who moved from Sell to Buy.
MM is remaining patiently long MIN
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