Not that long ago, Mineral Resources (ASX: MIN) appeared to have everything an ASX resources investor could want. Pilbara iron ore production. Tick. Energy transition exposure via lithium production. Tick. A mining services arm that boasts the who’s who of WA mining royalty as its customers. Tick.
In short: A company that produces minerals and earns money from helping others produce them – an ASX resources investor’s dream!
But, for many investors, that dream is rapidly turning into a nightmare as MinRes’ share price has plummeted from around $80 in May last year, to as low as $26 this morning after the release of its H1 FY25 results.
