New shares have hit the market, and sophs are selling down to make a quick buck. We have also reached a crossroad with retail investors. Investors at this stage either believe the project will go ahead, or they do not (sorry, this sounds like a sentence Hoofa would write).
Those that believe the project will go ahead have the great opportunity to pick up shares at 6.1c, close to 15% cheaper than capital raise prices (less the options). Those that don't believe will wait further funding confirmation, and will pick up shares much higher than 7c once that happens. I picked up more shares today at 6.1, because I believe Minbos will pull this off. Neither party is correct, it just comes down to different investment styles, and belief in company management.
Nice support has come in at 6c, it won't take much to rally from these prices. Imo.
MNB Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
