Anyone that thinks this is a dead cat bounce is not nearly as good at reading the market as they think they are.
This is not going to stop after an initial 40% bounce. This will go up by many multiples over the coming year. From the deeper sector corrections come the biggest rallies. For Minbos that will be boosted by the company going into production.
I'm looking forward to an excellent year in 2024.
I'm expecting a rally similar to the second half of 2021 when the sp ran from a deeply oversold 5c to 21c. This time the rally will be based on small caps coming of their worst bear market since the GFC in 2009, construction, production and cash flow so it will be more sustainable than the 2021 rally and eventually bigger.
Im set and waiting. Trying to trade a potentially very large rally can easily leave you wishing you just held. 30-40c minimum initial target for 2024.
I don't see the sp stopping at 21c this time.
