ARTICLE CONTINUES AFTER ADVERTISEMENTUntil making that investment Roberts owned just 6997 shares in Mineral Resources which mines iron ore and lithium as well as having a division which builds mineral processing plants. Initially, the value of Roberts' additional investment in Mineral Resources slipped slightly but when the Australian stock exchange closed yesterday Roberts was up $2 million on an investment made approximately two weeks ago. Until the transaction was confirmed investors were cautious of Mineral Resources and the business of producing lithium which is an important metal in the production of batteries. ARTICLE CONTINUES AFTER ADVERTISEMENTValue Gap In Mineral ResourcesRoberts obviously saw the value-gap in Mineral Resources as have analysts at Morgan Stanley, an investment bank. "We continue to view Mineral Resources favorably and as our key investment pick in our coverage universe with an unparalleled vertically integrated lithium strategy," Morgan Stanley said.

Source: Forbes December 17, 2018 11:15 UTC