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Share price catalysts - positives and the risks, page-55

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Merchant2000

21,953 Posts.

899

11/07/24

13:39

Post #: 74708379
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Originally posted by chuk: ↑

"11.8c- prices in delays lol "

11.8c even at around 1 bill shares fully diluted equates to a fully diluted market cap of $118mill.
A$118 mill market cap would be a big discount to the after tax, base case NPV of over A$300mill. There was less than a billion shares and options on issue when the sp was 11.8c so the diluted mc was lower and the discount to NPV was larger.

That big discount would have factored in various risks including delays and potential future cr's.
The fact that the discount to NPV is now even larger doesn't change that.

I think that type of post from you is an attempt to distract from the positives of this project and yesterday's positive update.

Expand

Highest volumes in 2 months at these levels

Imo -yesterdays news was a precursor to massive dilution

and no guarantees construction will finish on time or budget

Next investors hoping on production Q2 2025 fingers crossed they said lol

and hopeful of an offtake in next few months etc

Losing patience imo

Good luck with 2025 growing season - August in 2 weeks or so

imo

Last edited by Merchant2000: 11/07/24

MNB Price at posting: 5.3¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 6.5¢		Change 0.001(1.56%)		Mkt cap ! $57.11M

Open	High	Low	Value	Volume
6.5¢	6.5¢	6.4¢	$69.46K	1.076M

Buyers (Bids)

No.	Vol.	Price($)
1	676	6.4¢

Sellers (Offers)

Price($)	Vol.	No.
6.5¢	184604	3

View Market Depth

No.	Vol.	Price($)
1	676	0.064
1	25000	0.063
1	100000	0.062
1	50000	0.061
6	416666	0.060

Price($)	Vol.	No.
0.065	184604	3
0.066	175000	2
0.067	20000	1
0.068	24600	1
0.069	47473	1

Last trade - 15.52pm 19/11/2024 (20 minute delay)

MNB (ASX) Chart