Here is the Russell 2,000 Small Cap chart over three years that shows the recovery is only in its early stages.
MNB 3 year chart below shows a very solid up trend that was interrupted by the bear market. Moving to production by the end of the year and advancing the green ammonia project, plus news on the yellow phosphorous should get the sp back into its uptend channel IMO.
With a bit of patience and development news, I'm hoping and expecting to see the sp back into the pre-bear market up trend channel. That is supported by the phosphate DFS base case after tax NPV alone. The green ammonia and yellow phosphorous offer much more upside than just getting back into that uptrend channel. One step at a time.
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TA/chart, page-275
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Last
6.3¢ |
Change
-0.001(1.56%) |
Mkt cap ! $55.35M | |||
| Open | High | Low | Value | Volume |
| 6.4¢ | 6.4¢ | 6.1¢ | $83.12K | 1.332M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 146393 | 6.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.4¢ | 413793 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| MNB (ASX) Chart |