Agreed. The share market is quite cynical at the moment and most investors are looking for dividend paying stocks. It is frustrating to see the share price at these levels when the discoveries and metrics are excellent for near term production.
Phosphate and Potash are much needed commodities in the agricultural sector. We need a catalyst to get this going...in my experience, management is key in getting any type of mining project moving. The firm has the experience and know-how to do this and i am quite confident that it will be accomplished.
In the next couple of weeks, i am hoping to see some results and scoping numbers around the Cabinda project. Once the overhang gets sorted out, we should see some share price movement. Do realise that the directors had been buying big blocks of shares at the 35cps levels not too long ago.
MNB Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
