MNB 3.70% 5.6¢ minbos resources limited

Ann: Quarterly Activities Report and Appendix 5B, page-209

  1. 485 Posts.
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    Hi nchiwla.

    I suggest you do some thorough research in what Minbos are trying to accomplish, and what valuation you may give to the company once they start achieving those objectives. Once you have a proper understanding of the company and how much they could be worth if they pull off everything they aim to, then you won’t be asking if 9.2c is a cheap entry price. I’ve accumulated at many prices over the past couple of years, some in the teens and some in the 7s, and if my situation allows I may continue to do so once objectives are met and price is much higher than it is today. Emotional price chasing and FOMO won’t do you very well in this space. Goodluck!
 
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