Ann: Minbos Signs EPCM Contract for Cabinda Phosphate Project, page-94

Might still be some tax loss selling going on as well as possible selling triggered by the general market correcting. When you take a tax loss, the value of the company or your 6 or 12 month targets don't matter. You just sell if you need the short term tax loss. I think most of us that do that with a stock we like, will get back in as soon as we think it's bottomed again, or very soon after the end of June at latest to make sure we don't miss out on the traditional July-Sep bounce back. I think it's highly likely that the June low was the low 9's at the start of June and the rally has begun from that point, but the short term correction in the US market after its strong recent move coupled with the possible stragglers still taking a tax loss has given MNB a bit of a correction of the move from 9.2 to 13.5.

US market correcting for six days but in a strong uptrend.



MNB had a strong move off its June 1 low and currently in short term correction of that move. Tax loss selling ends this week. After that, project development should keep the sp trending higher. Best time to buy recently was end of May and 1st of June when the fear factor and frustration over the correcting sp was peaking. Now looks pretty good too on the chart and with the last few days of possible tax loss selling.