Australia's largest stock trading and investment forum Australia's #1 stock forum

MNB

Click for more information

2.50%

3.9¢ minbos resources limited

Ann: Minbos Secures Site For Capanda Green Ammonia Project, page-128

First 128 Last

Share
Profile

Follow
TVs_Jimmy_Smits

41 Posts.

4

10/08/23

00:23

Post #: 69258031
Share

Originally posted by chuk: ↑

What evidence is there that 7c would could be expected?
The chart shows an uptrend and the major lows are progressively getting higher. There is a clear rising channel.
The chart shows that we just put in another major low recently at 9.3c (that was on very low volume below 10c) and that the stock is now due a move back up towards the top of channel.
7c would take a disastrous announcement and looks highly unlikely now that the company has its final environmental approval and signed its binding sales offtake with a major food processor allowing debt funding to conclude. More likely funding will be secured soon and the top of the channel will be tested in the next 6 months or so. Fundamentals would allow for the top of channel (around 25c) to get broken once in production.
21c in 2021 was probably too much too soon but we are now probably around 6 months from production and 21c is now easily justified. It might take the funding news to get us back up and above that level but that news is getting closer.
Moving towards production could see the trend accelerate higher.

Expand

Carlton man, you are all claim no evidence. Its really frustrating. Could you start fleshing out your arguments please? "Geopolitical" is pretty vague.

MNB Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

BTH

Bigtincan bounces 9% after $409M merger proposal sets stage for Nasdaq listing

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

KAU

Kaiser Reef sets up $8M capital raising to boost expansion at A1 gold mine

WTC

A sex scandal is unlikely to hurt Australia's tech crown jewel – just look at trades

Superannuation Essentials: Building Wealth for Your Retirement

There are more pages in this discussion • 112 more messages in this thread...

First 128 Last

Add MNB (ASX) to my watchlist

(20min delay)
Last 3.9¢		Change -0.001(2.50%)		Mkt cap ! $34.26M

Open	High	Low	Value	Volume
3.9¢	3.9¢	3.9¢	$15.23K	390.5K

Buyers (Bids)

No.	Vol.	Price($)
4	77308	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	213953	4

View Market Depth

No.	Vol.	Price($)
4	77308	0.039
5	804999	0.038
3	277054	0.036
6	901703	0.035
2	138260	0.034

Price($)	Vol.	No.
0.040	213953	4
0.042	65000	1
0.044	62500	1
0.045	181000	1
0.046	197111	4

Last trade - 12.07pm 21/10/2024 (20 minute delay)

MNB (ASX) Chart

SPONSORED BY