Strandline (STA) capital raise & Mineral Resources (MIN)

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Question asked 16/04/2021

Strandline (STA) capital raise & Mineral Resources (MIN)

Hi MM, Will MM be participating in Strandline's capital raise at 20.50cents? Also can I have MMs view on Mineral resources - its rallied this week. So far today up by 6.9% to $46.51. I have seen varied price targets - one very bullish at $61. Is this one to hold and see how far it can run? Regards Debbie.

Answer

Hi Debbie,

1 – At the moment we don’t plan on taking up the STA capital raise in the Emerging Companies Portfolio. It’s trading at the raise price now so no real benefit.

2 – Mineral Resources (MIN) is a stock MM has liked for most of 2020/21 and I clearly wish we were long today as it breaks out to fresh all-time highs – lithium is certainly hot at the moment. If we were long at current levels it would be a case of stops at $41 and sit back and hopefully enjoy the ride.

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Mineral Resources (MIN)

LAST UPDATED 16/04/2021 08:18

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