BUZZ-MinRes rises as popular hedge fund lifts stake by buying shares at a dip

Reuters

2025/03/10

** Shares of Australia's Mineral Resources (MinRes) MIN.AX rise 4.6% to A$22.05

** Popular Australian hedge fund, L1 Capital, made filings late on Friday that it had increased its stake in MIN to 9.19% from 7.58%

** Melbourne-based L1 Capital is led by Raphael Lamm

** L1 bought shares in MIN at A$32 in December 2024 and now bought a total of over 3.1 mln shares over the past few weeks at around A$21

** L1 Capital becomes top stakeholder in MIN after founder Chris Ellison

** Stock down 36.6% YTD

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))

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