MNB 1.54% 6.4¢ minbos resources limited

Ann: Technology Partner MOU Signed with Stamicarbon, page-41

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    Before Friday night our time, the US market had fallen four days in a row. MNB held at even for two days and then climbed the next two days. That was despite a large fall on the ASX on Thursday and a 0.4% fall on Friday. On Friday MNB was up 7% on average with a 14.5c VWAP and closed up 3.7% at 14 on lower volume on the close.
    So MNB has had strong support and/or a lack of sellers at 13c and is showing a lot of resilience in what has been a bear market in the US and a bear market for ASX small caps.
    Below is the MNB chart (bottom) vs the US S&P500 (top). What an out-performance for MNB over the last 6 months - and for good reason. Wait for the next sustained rally. IMO it will be well worth waiting for and probably around a 10-15c move over a couple of months. There might be a few false starts first so picking it won't be easy.

    https://hotcopper.com.au/data/attachments/4479/4479735-b5c9ce388a3bcad212b411b291efa772.jpg



 
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6.5¢ 6.5¢ 6.3¢ $11.10K 174.7K

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No. Vol. Price($)
4 91016 6.3¢
 

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Price($) Vol. No.
6.4¢ 15254 1
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Last trade - 15.58pm 12/09/2024 (20 minute delay) ?
MNB (ASX) Chart
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