Iron Ore and Dry Bulk Freight, Mint Finance

Umang Agrawal

Iron Ore and Dry Bulk Freight

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Equity Bottom-Up

Fenix Resources Ltd operates as a resource exploration company. The Company explores for iron ore, vanadium, and manganese. Fenix Resources develops its projects in Australia.

<ul>
<li>Fenix is approaching its first million-tonne quarter, with a fully cash-funded ramp-up targeting 6 MTPA by FY28 under a disciplined capital plan.</li>
<li>Near term value is concentrated at Weld Range, while Jack Hills provides step-change optionality; Simandou is viewed as a manageable, priced-in risk.</li>
<li>W10 approvals represent the key execution risk, while labour, logistics, port capacity, and fleet availability are not considered binding constraints.</li>
</ul>


Fenix is approaching its first million-tonne quarter, with a fully cash-funded ramp-up targeting 6 MTPA by FY28 under a disciplined capital plan.
Near term value is concentrated at Weld Range, while Jack Hills provides step-change optionality; Simandou is viewed as a manageable, priced-in risk.
W10 approvals represent the key execution risk, while labour, logistics, port capacity, and fleet availability are not considered binding constraints.


Can Disciplined Execution Unlock Fenix as the Next Mid-West Iron Ore Champion?

AI | Semiconductors | Commodities, Mint Finance

Raghav Vashisht

AI | Semiconductors | Commodities

CoreWeave, Inc. provides software solutions and cloud services. The Company offers cloud infrastructure platform that manages the complexity of engineering, assembling, running, and monitoring state-of-the-art infrastructure at a massive scale to deliver high performance and efficiency to AI workloads. CoreWeave serves customers worldwide.

<ul>
<li>The $2.25bn convertible issuance underscores strong bond-market confidence in AI infrastructure, but equity markets are increasingly focused on leverage, dilution, and refinancing risk.</li>
<li>With repeated debt raises and high fixed obligations relative to revenue, CoreWeave’s growth model is becoming more dependent on capital-market access than operating leverage.</li>
<li>As credit conditions tighten across data-centre and infrastructure lending, the divergence between bondholder confidence and equity caution highlights a narrowing margin for error.</li>
</ul>


The $2.25bn convertible issuance underscores strong bond-market confidence in AI infrastructure, but equity markets are increasingly focused on leverage, dilution, and refinancing risk.
With repeated debt raises and high fixed obligations relative to revenue, CoreWeave’s growth model is becoming more dependent on capital-market access than operating leverage.
As credit conditions tighten across data-centre and infrastructure lending, the divergence between bondholder confidence and equity caution highlights a narrowing margin for error.


CoreWeave’s AI Expansion Is Being Financed Forward

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Commodities

Natural gas is a naturally occurring hydrocarbon gas mixture consisting primarily of methane, but commonly including varying amounts of other higher alkanes, and sometimes a small percentage of carbon dioxide, nitrogen, hydrogen sulfide, or helium. It is formed when layers of decomposing plant and animal matter are exposed to intense heat and pressure supplied by existing under the surface of the Earth over millions of years. The energy that the plants originally obtained from the sun is stored in the form of chemical bonds in the gas.

<ul>
<li>Winter demand and Europe’s shift from Russian gas have pushed U.S. LNG exports to record highs, tightening domestic balances and reshaping global pricing dynamics.</li>
<li>Upstream natural gas producers gain little from export strength because long-term contracts, hedging practices, and heavy reinvestment cycles limit their exposure to rising spot prices and short-term market volatility.</li>
<li>Midstream companies benefit most as fee-based pipeline revenues scale with higher LNG feed-gas flows. </li>
</ul>


Winter demand and Europe’s shift from Russian gas have pushed U.S. LNG exports to record highs, tightening domestic balances and reshaping global pricing dynamics.
Upstream natural gas producers gain little from export strength because long-term contracts, hedging practices, and heavy reinvestment cycles limit their exposure to rising spot prices and short-term market volatility.
Midstream companies benefit most as fee-based pipeline revenues scale with higher LNG feed-gas flows. 


Who Really Gains from America’s LNG Export Boom?

Intel Corporation designs, manufactures, and sells computer components and related products.  The Company's major products include microprocessors, chipsets, embedded processors and microcontrollers, flash memory products, graphics products, network and communications products, systems management software, conferencing products, and digital imaging products.

<ul>
<li>Intel hired Tan specifically for his deep ecosystem ties. Demanding he wield that influence while having zero financial footprint in the industry is a naive contradiction.</li>
<li>The Rivos bidding war was a tactical masterclass that established a valuation floor and forced a competitor to pay a premium.</li>
<li>While the media frets over portfolio disclosures, Tan has doubled the stock and secured billions in capital in a market otherwise built on circular debt bubbles.</li>
</ul>


Intel hired Tan specifically for his deep ecosystem ties. Demanding he wield that influence while having zero financial footprint in the industry is a naive contradiction.
The Rivos bidding war was a tactical masterclass that established a valuation floor and forced a competitor to pay a premium.
While the media frets over portfolio disclosures, Tan has doubled the stock and secured billions in capital in a market otherwise built on circular debt bubbles.


CEO With Muddy Boots: Why Intel Needs Lip-Bu Tan’s Baggage

Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, deep purple, to rusty red. The iron itself is usually found in the form of magnetite (Fe3O4, 72.4% Fe), hematite (Fe2O3, 69.9% Fe), goethite (FeO(OH), 62.9% Fe), limonite (FeO(OH).n(H2O)) or siderite (FeCO3, 48.2% Fe).

<ul>
<li>Iron ore’s rally appeared sentiment driven, as narrowing mill margins and easing blast furnace activity highlight softening fundamentals and fading demand support.</li>
<li>Broader technical momentum is weakening as MACD turns bearish and prices retreat from Bollinger resistance, flagging rising downside risks ahead.</li>
<li>The DCE-SGX spread’s position below key MAs and repeated lower Bollinger band tests signal weak momentum, leaving upside uncertain and the near-term bias tilted bearish.</li>
</ul>


Iron ore’s rally appeared sentiment driven, as narrowing mill margins and easing blast furnace activity highlight softening fundamentals and fading demand support.
Broader technical momentum is weakening as MACD turns bearish and prices retreat from Bollinger resistance, flagging rising downside risks ahead.
The DCE-SGX spread’s position below key MAs and repeated lower Bollinger band tests signal weak momentum, leaving upside uncertain and the near-term bias tilted bearish.


Mint Finance
Deep Fundamental Analysis

Can Disciplined Execution Unlock Fenix as the Next Mid-West Iron Ore Champion?

A measured look at how execution discipline, funding strength, and scalable assets are shaping Fenix’s growth trajectory in the Mid-West iron ore...

Mint Finance

CoreWeave’s AI Expansion Is Being Financed Forward

Bond market confidence in AI infrastructure is strong, but equity markets are concerned about leverage and refinancing risk as CoreWeave's growth...

Mint Finance

Who Really Gains from America’s LNG Export Boom?

Europe's shift from Russian gas boosts U.S. LNG exports. Upstream producers see limited gains due to long-term contracts, while midstream...

Mint Finance

CEO With Muddy Boots: Why Intel Needs Lip-Bu Tan’s Baggage

Intel hired Lip-Bu Tan for his industry connections, but expecting him to use them without financial involvement is naive.

Mint Finance

Iron Ore’s Speculative Run Loses Steam

Shrinking margins, fading demand and weakening technicals challenge the rally’s foundation, raising the question: how vulnerable is iron ore now?

Mint Finance

Can Disciplined Execution Unlock Fenix as the Next Mid-West Iron Ore Champion?

A measured look at how execution discipline, funding strength, and scalable assets are shaping Fenix’s growth trajectory in the Mid-West iron ore...

Mint Finance

CoreWeave’s AI Expansion Is Being Financed Forward

​Bond market confidence in AI infrastructure is strong, but equity markets are concerned about leverage and refinancing risk as CoreWeave's growth...

Mint Finance

Who Really Gains from America’s LNG Export Boom?

​Europe's shift from Russian gas boosts U.S. LNG exports. Upstream producers see limited gains due to long-term contracts, while midstream...

Mint Finance

CEO With Muddy Boots: Why Intel Needs Lip-Bu Tan’s Baggage

​Intel hired Lip-Bu Tan for his industry connections, but expecting him to use them without financial involvement is naive.

Mint Finance

Iron Ore’s Speculative Run Loses Steam

Shrinking margins, fading demand and weakening technicals challenge the rally’s foundation, raising the question: how vulnerable is iron ore now?

Mint Finance

Bond market confidence in AI infrastructure is strong, but equity markets are concerned about leverage and refinancing risk as CoreWeave's growth...

Europe's shift from Russian gas boosts U.S. LNG exports. Upstream producers see limited gains due to long-term contracts, while midstream...

Intel hired Lip-Bu Tan for his industry connections, but expecting him to use them without financial involvement is naive.