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Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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    Hi James, Congratulations on the new website. Stock report and forecasts tab very interesting and good to see the information so cleanly presented. My question is really asking for an update on MIN. Since your last opinion in early April much has happened. I did not buy in April and am considering now. Given the possibility of recession, is your general opinion to best sit on your hands for the moment when it comes to these resource market dependent stocks. You appear to be less enthusiastic about buying dips! cheers.

    Answer

    Thanks for the positive feedback on the site Alain, presenting information clearly, simply & visually was a key goal.

    The Iron Ore / Lithium company  has clearly been under pressure, and for now we are more neutral on the stock, largely because of it’s Iron Ore exposure given stock piles are high at Chinese ports. While the re-opening thematic in China is real, we are concerned about the sustainability of the Iron Ore price, there is a meaningful amount of new production coming on stream which should see prices lower over time , and MIN is a higher cost producer, so impacted more heavily. For now, we are inclined to play the battery metal thematic via IGO, preferring to give Iron Ore a wider berth.

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