MNB

1.89%

5.4¢ minbos resources limited

Ann: Notice of Annual General Meeting, page-91

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chuk

13,745 Posts.

3940

09/05/24

07:54

Post #: 73737145
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Originally posted by chuk: ↑

"Do you have SP targets if and when 2025 growing season is missed"No need for that but if production was say two years out on a similar stock instead of only one year out and the valuation when in production was around A$300m, then at one year out, my mc expectation would generally be around $150mill and at two years out, probably closer to $100mill.
That would depend on a lot of other things too of course like general market sentiment, stock specific sentiment, levels of both downside risk and upside risk. In the shorter term the sp can be effected by a recent ct as well, just as we are seeing now.
At the moment with close to a full year's profit likely for next year, 15-17c would seem about right, trending up from there on its way to the A$300mill mc as funding and construction milestones are reached and production approaches. These valuations for Mnb would not include any valuation for the green ammonia.
With the sp at 5.5c, the stock is to me, clearly way oversold, most likely due to a number of factors, namely the disappointment of another delay to production from later this year to early next year, the cr having attaching options and of course the cr related selling putting extra short term pressure on the sp. All of these factors have a larger short-medium term effect on stocks with lower volumes like this one, hence the current very oversold sp.
That will work in reverse with more positive news like funding being completed and construction getting underway.
Some holders have stop losses, others just can't bear the thought of any further downside and sell. Selling often causes further selling unrelated to the fundamentals.
For every share sold, one is bought. Those buying see things differently from those selling.

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Consider an example of 5.5c to let's say 27c. That is a five fold sp increase, potentially in just 12 months. That would be a very big return.
Waiting for full funding and evidence of construction being well underway could easily see the sp at 15c.
15c to 27c is less than a two fold increase. That is a huge difference. Some want the peace of mind of waiting for construction but some of us like that much larger leverage from 5.5c.

MNB Price at posting: 5.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.4¢		Change 0.001(1.89%)		Mkt cap ! $46.71M

Open	High	Low	Value	Volume
5.6¢	5.8¢	5.4¢	$35.17K	629.1K

Buyers (Bids)

No.	Vol.	Price($)
3	491082	5.4¢

Sellers (Offers)

Price($)	Vol.	No.
5.7¢	12500	1

View Market Depth

No.	Vol.	Price($)
2	402198	0.054
4	242655	0.053
2	65000	0.052
1	80000	0.050
1	50000	0.049

Price($)	Vol.	No.
0.057	12500	1
0.059	47420	1
0.060	316646	4
0.061	89987	1
0.063	50000	1

Last trade - 13.20pm 28/06/2024 (20 minute delay)

MNB (ASX) Chart

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