bearish
Will we see respite for lithium miners?
SUMMARY
- Minres has sold its gas assets to Gina Reinhart's Hancock prospecting, receiving $804 million upfront with potential for an additional $300 million based on drilling results.
- The sale has boosted Minres' share price by 14%, with the CFO estimating around $650 million in after-tax cash coming in.
- Gina Reinhart's press release indicates a close collaboration with Minres CEO Chris Ellison, suggesting a strong partnership and potential for future growth and export opportunities.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.
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