If heavily indebted Mineral Resources is going to keep staring down the market, it needs to do a better job.
Its balance sheet is junk, debt is still rising, its two primary commodities iron ore and lithium are under pressure and its great hope for deleveraging, the new 35 million tonnes a year Onslow iron ore project, has teething problems.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
