MNB minbos resources limited

Ann: Quarterly Activities Report and Appendix 5B, page-94

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    The chart is still developing positively with a higher base now forming above last year's 7c double bottom.
    The chart formed a support level at 7.6c through Nov-Dec around two months ago. It rallied hard late in December on news but then retraced on very low volume for two weeks before sliding to retest 7.6c again in late Jan. It broke below 7.6c but only for one day and it tested the 7c double bottom from 2022. That held and the sp moved back above the 7.6c level the following day.
    It moved up to 9c again on more news but on light volume, pulled back again on decreasing volume but this time it turned back up again without reaching 7.6c.
    It looks like 7.6 is turning into a level that buyers are happy to keep accumulating and the few remaining sellers are no longer in a hurry to sell down to. Most likely this is happening in anticipation of the IDC loan approval.
    The IDC loan approval for US$14mill will buy the company ample time to begin construction while working to secure the last US$12mill. That IDC loan should be enough news to push the sp above 10c and get this back into uptrend.

    https://hotcopper.com.au/data/attachments/5939/5939885-58a96ae2c75b700bd911151ff4376ee4.jpg

 
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Last
4.1¢
Change
-0.001(2.38%)
Mkt cap ! $39.97M
Open High Low Value Volume
4.3¢ 4.3¢ 4.0¢ $33.11K 814.9K

Buyers (Bids)

No. Vol. Price($)
2 113235 4.1¢
 

Sellers (Offers)

Price($) Vol. No.
4.2¢ 50000 1
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Last trade - 15.57pm 27/06/2025 (20 minute delay) ?
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