MinRes falls as bad-boy-of-yesteryear Chris Ellison sells $120M of shares

The Market Herald

May 15

The bad-boy-of-yesteryear, Chris Ellison, founder of Mineral Resources (ASX:MIN), has rankled company investors today after it was revealed he sold $120M worth of shares in the company. Listen to the...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/news/2635039319"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2635039319\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2635039319?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-15 09:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2635039319","market":"nz","top_or_hot":-1,"title":"MinRes falls as bad-boy-of-yesteryear Chris Ellison sells $120M of shares","media":"The Market Herald","content":"<div>\n<p>The bad-boy-of-yesteryear, Chris Ellison, founder of Mineral Resources (ASX:MIN), has rankled company investors today after it was revealed he sold $120M worth of shares in the company. \nListen to the...</p>\n\n<a href=\"https://themarketonline.com.au/minres-falls-as-bad-boy-of-yesteryear-chris-ellison-sells-120m-of-shares-2026-05-15/\">Source Link</a>\n\n</div>\n","source":"markerherald_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>MinRes falls as bad-boy-of-yesteryear Chris Ellison sells $120M of shares</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMinRes falls as bad-boy-of-yesteryear Chris Ellison sells $120M of shares\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-05-15 09:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://themarketonline.com.au/minres-falls-as-bad-boy-of-yesteryear-chris-ellison-sells-120m-of-shares-2026-05-15/><strong>The Market Herald</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The bad-boy-of-yesteryear, Chris Ellison, founder of Mineral Resources (ASX:MIN), has rankled company investors today after it was revealed he sold $120M worth of shares in the company. \nListen to the...</p>\n\n<a href=\"https://themarketonline.com.au/minres-falls-as-bad-boy-of-yesteryear-chris-ellison-sells-120m-of-shares-2026-05-15/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7507","symbol_name":"资源股","start_time":0,"source_url":"https://themarketonline.com.au/minres-falls-as-bad-boy-of-yesteryear-chris-ellison-sells-120m-of-shares-2026-05-15/","article_id":"2635039319","we_media_id":null,"thumbnails":[],"rights":{"source":"markerherald_stock","url":"https://themarketonline.com.au/minres-falls-as-bad-boy-of-yesteryear-chris-ellison-sells-120m-of-shares-2026-05-15/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2635039319","pubTimestamp":1778807040,"columns":[],"sourceInfo":{"source_id":"markerherald_stock","name":"The Market Herald"},"weMediaInfo":null,"summary":"The bad-boy-of-yesteryear, Chris Ellison, founder of Mineral Resources , has rankled company investors today after it was revealed he sold $120M worth of shares in the company.Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week.On Spotify, Apple, and more.While still holding over 10% of shares on issue, it’s obviously not being taken with a shrug more than a significant look of concern.Shares in the company were down more than -6% heading into the second hour of trades.While some of that might be contagion pain from lithium downside – PLS Group is down nearly -4% at the time of writing – it’s not controversial to suggest a founder selling off shares out of the blue causes panic.The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment de","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7507":"资源股","BK7504":"锂钴概念","MIN.AU":"MINERAL RESOURCES LTD","BK7095":"多种金属与采矿"},"translate_title":"昔日的坏男孩克里斯·埃里森(Chris Ellison)出售1.2亿美元股票，MinRes股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MIN.AU":1},"content_text":"The bad-boy-of-yesteryear, Chris Ellison, founder of Mineral Resources (ASX:MIN), has rankled company investors today after it was revealed he sold $120M worth of shares in the company. \nListen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.\nWhile still holding over 10% of shares on issue, it’s obviously not being taken with a shrug more than a significant look of concern. \nShares in the company were down more than -6% heading into the second hour of trades. \nWhile some of that might be contagion pain from lithium downside – PLS Group is down nearly -4% at the time of writing – it’s not controversial to suggest a founder selling off shares out of the blue causes panic. \nHell, just look at Droneshield. The stock still hasn’t recovered from Oleg’s exit at around $3.30/sh late last year, about a month before Christmas. \nAt the time, Oleg scrambled to justify the sale; telling one outlet that it was because of family safety (or something), and then later, made vague comments about property considerations. The lack of consensus won him absolutely no fans. \nAs for Ellison? He wants to establish a family office. Presumably he has a guy to navigate through Chalmers’ controversial budget released earlier this week. \n“This disposal was undertaken for personal financial planning purposes, including the establishment of a family office, and was conducted in accordance with MinRes’ Securities Trading Policy,” a MinRes announcement read on Friday. \n“Mr Ellison has been the major shareholder of MinRes for 33 years, including 20 years as a publicly listed company, and remains the company’s largest shareholder. He retains a significant shareholding of 20,834,661 shares, representing 10.54% of issued capital.” \nWhy exactly Ellison needs to establish a family office at this time, using shareholders’ money, remains the big unknown that’s likely driving the share price down. CEOs don’t offer us explanations, true. Shareholders don’t necessarily owe them loyalty, either. \nIt’s all about communication. At least Ellison’s doing better than Oleg on that front. \nMIN last traded at $66.78/sh. \nJoin the discussion: See what HotCopper users are saying about MIN and be part of the conversations that move the markets.\nThe material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}