Balanced Portfolio - Sell Trim - Mineral Resources (MIN)
Date: 27/02/2024
*** GENERAL AVICE ONLY***
Mineral Resources Limited (MIN) is a mining services company with a portfolio of mining operations across lithium and iron ore. MRL has been providing safe, high-quality, low-cost mining, mining construction and mining infrastructure services in Australia. The business consists of three core pillars Mining Services, Commodities and Innovation and Infrastructure.
*** Trade Plan ***
Sell Trim MIN – MIN has had a recent bounce from the $55 level over the last couple of weeks. The recovery has coincided with a lift in lithium prices. Since MIN is a large producer it has been the leader in the recovery. So looking to trim 2% from the portfolio, which is the portion that was added under $60
Total Portfolio Allocation: Reduce allocation from 6% down to 4%
Sell Trim MIN above $64
Disclaimer: The recommendation given is general advice only. It does not take into account your personal objectives, financial situation, or specific needs. This information should not be your sole resource when making such decisions. We strongly recommend you to seek the advice of financial, taxation, and legal professionals before finalising any investment decisions.