Ann: Capanda Green Ammonia Project Update, page-35

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Merchant2000

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13/02/24

14:44

Post #: 72382931
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Originally posted by chuk: ↑

I'm not interested in telling others whether they should buy or sell now or later or whether the sp might go lower or higher in coming days or weeks. Nor am I here to pump the stock or try to scare others into selling near lows.
One thing is clear though. The sp has bottomed and is now trending up again.
While the stock was trending lower, some investors were happy to wait. I chose to keep buying and bought a lot more around 7.6-8c.
For as long as it's now trending up, anyone waiting to buy is more likely than not to be paying more later. Buying any dips now would be the better strategy for as long as the trend continues up.

Based on average prices paid for this stock over the last three years, this is definitely not expensive right now, especially taking into account the progress made and how much closer the company now is to construction and production.
Don't look at opinions of HC poster's - look at the facts, the DFS and the charts for real data on where this has been and where it looks like it could go from here.
This is volatile and there will be corrections along the way but this looks cheap now on fundamentals and on the chart but importantly, it has started trending up again.

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66 trades on ASX for $148k = $2200 average

Retail mum and dad speculators and or traders

Smart money wont chase these type of announcements.

Huge resistance at 10.5-11c Why since this will dwarf all others lol

IMO

MNB Price at posting: 9.7¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 6.2¢		Change 0.002(3.33%)		Mkt cap ! $53.59M

Open	High	Low	Value	Volume
6.2¢	6.3¢	6.0¢	$90.4K	1.473M

Buyers (Bids)

No.	Vol.	Price($)
4	189000	6.0¢

Sellers (Offers)

Price($)	Vol.	No.
6.1¢	159746	1

View Market Depth

No.	Vol.	Price($)
4	189000	0.060
2	82729	0.059
2	65000	0.058
2	126351	0.057
7	128940	0.055

Price($)	Vol.	No.
0.061	159746	1
0.063	70027	1
0.064	181029	1
0.065	616365	3
0.066	160000	2

Last trade - 15.44pm 15/11/2024 (20 minute delay)

MNB (ASX) Chart

Ann: Capanda Green Ammonia Project Update, page-35

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Ann: Capanda Green Ammonia Project Update, page-35

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