FOMO caught up with me today. Sold the rest of my WEB to buy more MNB today @13c. It may drop a little lower on the back of the US overnight, but I tend to think we aren't too far from a rerate. Management appears to be executing as promised with the phosphate plant and equipment delivered, and with the incredible hydroelectricity prices locked in I just can't see how the green ammonia will be found unfeasible. The potential sovereign risk does not seem to be a concern with the Angolan government actively encouraging and accommodating investment. The fear I have is if we are taken over by a Chinese company and we don't get to see the many multiples that we are capable of achieving. Even that is not the end of the world. Ofcourse, I do wish I bought more at 7.2c but an average of 12c or 8c will not be significant when this is multiples of the current share price.
MNB Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
