"shareholders wealth has been decimated over time"
What a load of garbage!
That is another unsubstantiated, very false claim, clearly not researched. The stock has wild swings driven by sentiment and short term traders could easily lose trying to trade it but that doesn't justify your statement at all.
Despite the dilution that you talk about over the last few years, the sp is up. The longer the time period, the better the gains. You talk of shareholder wealth being destroyed, well tell that to shareholders in stocks where that actually applies.
You guys should stop posting things off the top of your heads without checking the facts first. You tell me I'm ramping but I hardly ever post without backing up what I post. You guys are continuously down ramping with false statements and not backing up your claims - probably because you can't back up claims when the claims are false.
Anyone in this stock for 12 months is sitting on a 10% gain when many other small caps over the last year are down 50-80% or even more in a few cases.
MNB up 10% in 12 months.
LKE - Down 85% in 12 months.
Minbos has outperformed Australian blue chips over the last 12 months. The All Ords is down over the last 12 months.
Anyone in MNB for two years would be down but anyone in over the last three years is up over 100%. That is wealth creation, not destruction.
The All Ords is only 4.5% higher over the same three years. Huge out performance for MNB.
Anyone in MNB for four or five years is up from 2c to 8.6c which is a better than a four fold increase in their investment. $10,000 invested four years ago is now worth $43,000.
False, unsubstantiated claims of wealth destruction do not belong on the threads of this stock. Post where that actually applies.
Let's see what gains we will be on in another 12 months when this company is very likely to be in production and the next upleg takes the sp to a new high.
