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MINERAL RESOURCES LIMITED

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MIN trade ideas

ASX: MIN | 18 APR, 2024 ASX: MINERAL RESOURCES LIMITED - MIN: 18 APR, 2024 | 1D Semilog Scale Chart © Master of Elliott Wave Analysis: Shane Hua, CEWA-M. Details: The shorter-term outlook indicates that both wave (1)-blue and wave (2)-blue have concluded, with wave (3)-blue initiated since the low at 52.52. The anticipated direction is upwards, initially targeting 75.23, and a break beyond this level would extend towards 84.03, while maintaining levels below 65.36 is a significant advantage and a strong resistance level for this perspective. Invalidation point: 61.00
ASX:MINLong
by ShaneHua
ASX:MIN TRIPLE BOTTOM TREND BREAKASX:MIN Daily TF Waiting to see if Mineral Recourses Limited confirms the direction change & continuation. Off a Triple Bottom and Downtrend Break, the 2 remaining things I am looking for are Bullish Momentum indicated by RSI & price to break through Resistance Zone. This happened in a similar occurrence at the start of the year JAN-MAR. If it fails to break Daily Resistance & Resistance Zone I am looking for price to return to Daily Support where the Triple Bottom occurred. "DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
ASX:MIN
by Trader_Johnni
MIN - Diamonds are a girls best friendDiamonds have a future especially now that buyers are concerned with providence. The major swing that occurs from Oct 20 from the lows 37.40ish to the peak in Aug 21 is where I've taken my analysis from. It's a slow mover but consistent for a technical setup. Price has hit a 61.8 Fibonacci retracement of the major swing and price is now heading up. The 1st level to take profit is indicated by the red line of 127% Fibonacci Extention - 75.20ish of this swing. It may double top at the previous high. Diamonds are in demand especially Australian mined diamonds. Just my plan - do your own due diligence before you trade.
ASX:MINLong
by gillianpatrice
1
Australias Mineral Resources Ticking AwayMIN has been having a great upwards run over the last year. Consistently putting out new higher highs it looks like it might be a bit expensive at the moment, but it is actually travelling along pretty close to its 20 day moving average and with the recent pull back and bounce off it, it is certainly worth keeping an eye on. A trailing stop loss of around 21% would have kept you in the trade for the year, while around 15% would have helped you through some of the rough patches.
ASX:MINLong
by zAngus
2
VOX benefits from MINGEORGE TOWN, CAYMAN ISLANDS – May 4, 2021 – Vox Royalty Corp. (TSXV: VOX) (“Vox” or the “Company”) is pleased to announce that the Company has realized record preliminary revenue of C$668,600 (US$540,000) (1) for the three-month period ended March 31, 2021. All preliminary revenues were derived from royalties, not streams, as such, the cash operating margin(1) was 100% for the quarter. During the quarter, the Company recognized inaugural royalty revenue from the Koolyanobbing royalty, which is an uncapped 2% Free on Board sales value royalty from iron ore mined from the recently commissioned Altair Pit and a portion of the Deception Pit. Quarterly revenue benefitted from increased royalty-linked production by Mineral Resources Limited (ASX: MIN) and record iron ore prices at Koolyanobbing, increased production by Karora Resources Inc. (TSX: KRR) from the Hidden Secret deposit at Higginsville covered by the Dry Creek royalty and rebounding quarterly diamond prices associated with the Brauna royalty. Kyle Floyd, Chief Executive Officer stated: “Record quarterly revenue for Q1 represents the start of Vox’s anticipated revenue growth through 2023 as numerous royalty assets are expected to commence production. The Company’s preliminary quarterly revenue is in line with previously announced 2021 full-year revenue guidance of C$1.7M to C$2.5M. Vox’s organic revenue growth is a product of the Company’s stated strategy of acquiring high quality, attractively priced royalties many of which are near term production opportunities. Vox held one producing royalty in May 2020 and anticipates finishing 2021 with seven producing assets based on its current portfolio of 50 royalties.”
ASX:MIN
by TH_Analysis