bearish
How Low Will MinRes Go?
SUMMARY
- Minres reported full year results, leading to a 10% drop in share price and a 50% decline since May
- Company's balance sheet is a concern due to exposure to the cyclical nature of the mining industry and risky investments in lithium
- Analysts are nervous about the company's direction and future prospects, particularly with over $3 billion in capex invested in projects like Onslow
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